Inverted yield curve, treasuries rising, inflation not coming down. It all sounds like a recession is coming and major crash with it. And all those crazy tech company valuations will get wiped back down where they belong.
I think we’ll be visiting closer to 2500 within the next 12 months.
It was another ugly day and the risk-on currencies reflect that, a little hope was a late day rally, this might signal a good Friday, but if it does happen it will just setup another chance for a Black Monday
Well, 1-month has passed, how’s that analysis (prediction? intuition?) working for you?
No call on this one? Had it back on 9/11. Interesting that was a Friday, and now Friday the 13th !!!
Gap open higher but now pulling back, let’s see how it plays out, Monday is the day that worries me
Been short gbpusd since end of July and just loving it!!!
Interesting start to the week, no black Monday so far
The market held on to most of its gains, let’s see what tomorrow brings
Should be some changes happening soon, NZD bad news for example, but look at the numbers, the differential is small.
Things were looking bad early but the market came back with most areas finishing near their highs
and yes this is a tight market, it is like they are waiting the next bomb to drop
@FOK…I told you a while back that the dollar was weakening and even provided a timeline, but you dismissed me. I hope you are not holding an empty dollar bag from your dollar pair trades. It is weak for the pair you are trading, GBPUSD. It will likely remain weak for some time. It is not weak across the board though. It is a buy for USDMXN and USDPLN in a week’s time.
I am having trouble with my internet connection, I will leave you with this and try again tomorrow
Not sure if you are trolling me for an angry response or what 
You gave the warning on 9/11 with timeline of 8-weeks; this is now week 5 and GBPUSD has gone down 450 pips, retraced 150 pips, and now gone down again.
Trading GBPUSD short is to sell GBP and buy USD, this means USD is strong, I’m not sure if you understand that.
Also, this is Dennis thread, and he has USD in #1 spot, which means strong, and GBP in #8 spot, which means weak.
You really need to post a chart to show how the dollar is weakening as per your claim; I certainly don’t see the fundamentals changing enough for the GBPUSD price to recover to the level of 9 / 11 let alone make any gains above that.
Until then, you remain dismissed, good trading to all.
I am seeing lots of up and downs but one clear up trend is CHF/JPY , this is in a multi year up trend and over the last three weeks we saw after a pullback a bullish hammer and now two weeks of follow through and breaking to new highs. The phrase " The trend is my Friend" is playing out well for this one
No change to this stepping pattern down, 1280 still looks like where we are heading, it may take several weeks or could happen on Monday and that would be a Black Monday
Gold is going crazy. Hamas started it and Jerome Powell just added rocket fuel. I can’t see it being too long before it turns around, but a recession should be coming so it may well stay high for a while yet
