Dollar conditions right for a bounce

Our bullish analysis is a little controversial

Expect a crude oil correction

but there’s a more bullish alternative too

This could be the top in S&P 500

(The alternative is for it to extend considerably higher after a retrace.)

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Some of our recent posts:

The Day Ahead: AM Edition 2021-01-08

Bonds tried to lift from 168^15 but couldn't make it over 169^14 which implies lower in the short term to a new low, perhaps around 168^00 though any new low is good enough for pattern.

The Week Ahead 2019-12-01

Bonds have been spending the last couple weeks bouncing from the most shallow of targets for c of (b). I still think it falls lower into the end of the year at a minimum and perhaps out to March.

Natural Gas via ETF UNG Update 2019-11-25

I'm looking for a higher low to form in UNG over the next couple weeks for a possible wave ii. The dominant weekly cycle is suggesting lower till the end of the year but I think we are pretty close to a window to shop for a cycle low. The daily chart looks lower to put the final touches of [C] of ii. Since this week is short due to the Thanksgiving holiday in the US, from a practical sense it makes sense to shop for a low next week.

The Week Ahead: 2019-11-25

Bonds spent last week continuing their bounce from the test of the top of the target range for wave (b). I doubt we have seen the low in wave (b) and expect bonds to press lower in future weeks though I can't guarantee bonds do not challenge overhead resists first, say 161^25.

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