Market Macro right now.

Sep 8, 2022 5:19 PM
DXY broke out of its flag to the downside and is currently retesting.DXY broke out of its flag to the downside and is currently retesting.
BTC Dominance is still in a bull flag formation, but is currently at the center line of the flag and trending downward.BTC Dominance is still in a bull flag formation, but is currently at the center line of the flag and trending downward.
The S&P 500 broke downward from its bear flag ~2 days ago, and is currently trending upward, looking to re-test, possibly as far up as the lower line of the bull flag; however, it's currently halting at the 4017 resistance line.The S&P 500 broke downward from its bear flag ~2 days ago, and is currently trending upward, looking to re-test, possibly as far up as the lower line of the bull flag; however, it's currently halting at the 4017 resistance line.
The NASDAQ is in a similar situation, looking to retest at ~12732.The NASDAQ is in a similar situation, looking to retest at ~12732.
Total 1 broke downward out of its bear flag ~2-3 days ago and is looking to retest at~582.6, which is the congruence of the bear flag's lower support line (now resistance) and the flag's approximate midline Total 1 broke downward out of its bear flag ~2-3 days ago and is looking to retest at~582.6, which is the congruence of the bear flag's lower support line (now resistance) and the flag's approximate midline 
BTC bounced from resistance at ~18,800 and is currently trending back sideways between the 13 and 21 MAs. If upward movement continues, look for it to re-test the ~19,600, ~20,000, and (I believe likely at some point, barring macro pressures) the ~20,725 confluence zone. BTC bounced from resistance at ~18,800 and is currently trending back sideways between the 13 and 21 MAs. If upward movement continues, look for it to re-test the ~19,600, ~20,000, and (I believe likely at some point, barring macro pressures) the ~20,725 confluence zone. 

BTC did not confirm below teh 18,800 resistance line, so --while the market is giving mixed signals, and RSIs signal overbought--signs point up, imo. It could be a quick bump and fall when it happens.

Comments
anonymous profile image
Powered by RoundtableBuilt on infrastructure designed for real-time media. Learn more at RTB.io.© Roundtable 2026. By using this site you agree to the Terms of Use and Privacy Policy