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Saw that this morn.

I keep reading that here, yet there is no evidence (FedSpeak, bond markets moving cautiously, etc) to support it. Just the opposite. This is what we have so far 03/17/22 25 basis points 05/05/22 50 06/16/22 75 07/27/22 75 09/21/22 75

Depends on where you start from. This is $SPX/Spot Gold ratio chart. Held up good from Jan 4th, 2022 high, not so good from March 23, 2020 low:-

Gold was a hedge against inflation but even more so uncertainty in the 70's/80's. Now just living off of past glory and bunker buying tinfoilhat folks.

https://www.infrapedia.com/

Here is another look as well (I count 18 North Atlantic crossings alone):- https://www.submarinecablemap.com/

A lot for sure but what really happened yesterday. An up day {woo hoo} in a down trend is all.

$DXY weak today yet not helping equities any.

Call me particular but 50% (61.8% + 38.2%)/2 and even 61.8% itself are Fib ratios. 0, 1, 1, 2, 3, 5 etc are Fib numbers

He posted profit target (PT) of 3711 so I assume it was hit. Set it and forget while sleeping.

Traders trade. Is your purpose in life and being here on a umm trading forum is to make calls?

Euro and Pound racing to the bottom. Maybe the Sterling is the one going away.

Easy to make calls (just ask SoySauce). ;) Not so easy to make money off a call.

From yesterday:- And stealing someone else's line "I have a new position......... Fetal".

Yes I know, but first touches are all I ever concern myself with - less risk.

Was sleeping at the time (midnight to 2:00am ET) but another example of capturing a trend correctly with fib retracement tool. Not from the highest swing high but from where the breakdown actually started in earnest, down to lowest low:-

We all remind others when we get it right and those other times crickets, crickets.

:thumbsup: $850 and up, up, up.

Next if 3738.50 likely breaks 3765.50

A/D line pegged at the top since 10:30am ET onwards:-