Measured by US30, an index representing the 30 largest corporate enterprises of the United States of America, closed the week with the second largest green candle of the year 2019 while preceded by 2 minor red candles and another 8 larger green candles.
My guess is this rally will continue for another couple weeks. Also backed by UJ seasonality, all relevant markets seem to be in agreement for this to follow through.
Zlecenie aktywne
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USD devaluation deep drop expected, stock will rally substantially.
Komentarz
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Still expecting a spike to 27000 before a possible crash
Zlecenie aktywne
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One last rally expected before the big crash. This should be the correct entry. Halfway August, traditionally the month of UJ seasonality.
Komentarz
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This analysis is followed up with the following idea
if US30 goes up, it makes UJ goes up by carry trading, so it goes against your UJ seasonality. US30 decreasses only when UJ goes down
Deep-Peat-Shark
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@lapin_eliott, Correlation is often seasonal, so it for the relationship between DXY and US30. From mid August onwards the correlation has changed from positive to negative and that while the correlation between DXY and UJ remained positive.
lu1977hk
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@ArnaudKleinveld, can you clarify for yourself and for all of us what is your target for UJ? We are lost with your seasonality mix. Just tell us: I see UJ in 2 weeks here(number ) in 1 month here(number) in 6 months here ( number) . Thanks
Deep-Peat-Shark
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@lu1977hk, My apologies for mixing up info around UJ seasonality. As for now I predict UJ In two weeks to be back at 104 or even 102 and in one month from now we will likely be around 100 or even 98. In 6 months from now USD should already again be back in its upcycle, probably in the range of 110 to 114. Cheers
lu1977hk
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@ArnaudKleinveld, thanks. I’m preparing my super short on the stock market then...
Deep-Peat-Shark
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@lu1977hk, Stocks are since August correlating negatively.