The chart indicates one more leg down to complete a typical 5-wave motive sequence. The market liquidity is also being pulled to the downside, as shown with Indicators. This analysis suggests Inflation hasn't completely cooled...Powell, likely isn't onboard yet with Rate-cuts.
Long positions will become more attractive, when the Bond Market has a change of behavior and begins to head North!
Long positions will become more attractive, when the Bond Market has a change of behavior and begins to head North!
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In the Wave 5 area, is very likely an attractive BUY discount for "Risk Asset" Long positions, such as S&P 500, NZD/USD, EUR/USD etc. currencies!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.