March 31 - BTC, SPX, DXY31st of March has consistently been either: a sharp turning point, a spike in trend action or a calling for a long-term trend reversal. S&P 500 and Nasdaq have followed this odd tendency correspondingly. For a few significant reasons below, I anticipate this year's 31st of March will astonish many of us.
Distinct Timing:
Alignment with KEY economic data readings:
--> Core PCE Price Index (MoM) is the reading. CNN on this index: "PCE, specifically the core measurement, is the Fed’s favored inflation gauge, since it provides a more complete picture of costs for consumers." Currently, it is undeniably the most significant factor which will drive markets to new equilibriums. Factors including: markets' indecisiveness (particularly large institutions); consistent past increases in the core PCE; and unexpectedly high most recent inflation reading in the UK (actual 10.4 vs expected 9.7) - do not make the next reading seem promising for bulls.
--> Eurozone inflation level will be vital, partly due to the mentioned recent surprise from UK's inflation reading. As this could potentially clarify whether the unexpected reading arose from global or solely UK-related factors.
Date Alignment:
1/ Last day of the month
2/ Last day of the working week (Friday)
3/ And of course, the day is March 31st :)
If you have been following my channel you know how much I love spread graphs. Check out the spread chart's indicators (including 50 SMA, 50 EMA, 200 SMA, and 200 EMA) and its formula below.
Same graph (W):
Same graph (M):
The formula:
CRYPTOCAP:BTC*(TVC:GOLD*((TVC:US30Y-TVC:US10Y)*(TVC:US10Y-TVC:US02Y)+10))^-1
Thanks for your time guys! If not for some comments in my last post, I wouldn't have found an error in the formula! So, please comment with any questions, ideas and opinions.
