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 Week Ahead 2019-07-14

I'm sticking the weekly chart of the Natural Gas ETF UNG here until I spend more time looking at the daily chart at which point I will make a separate post for UNG. I have been looking for a possible wave (v) low develop for the past month or so and while it dropped under the targets I had listed, this does look like a possible low. Until over 21.65 and 22.58 there is a chance they retest the low though if they did, it should be brief.

Japanese Yen and ETF (FXY) 2019-07-09

One of the reasons that I have been skeptical about the gold rise is the correlation that it has had with the Japanese yen and I'm still bearish yen as the triangle is still valid here.

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We believe an independent trader can succeed and profit in the markets, and we’re committed to helping our subscribers trade well on the time frame that best suits them. We founded Trading On The Mark in 2008 to help traders overcome some of the challenges of market analysis and trade execution. If trading futures and options based on technical analysis appeals to you, then you’re the kind of trader we want to work with.

TOTM’s technical approach is grounded in Elliott wave and Gann techniques, while also making use of Fibonacci relationships in price and time, historical cycles analysis, proprietary technical indicators, and other more esoteric methods.

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