I had to go all the way up to the monthly to find some kind of pattern because everything else is pure chaos.
I don't trade these timeframes and wont be trading this instrument but this looks like a short squeeze right here.
There is a reason its doing this. Equities are at all time highs, dollar is weakening, vix is falling.
Still cannot bring myself to be a buyer right here. Summer doldrums are upon us so maybe the market will stop and chop.
I don't trade these timeframes and wont be trading this instrument but this looks like a short squeeze right here.
There is a reason its doing this. Equities are at all time highs, dollar is weakening, vix is falling.
Still cannot bring myself to be a buyer right here. Summer doldrums are upon us so maybe the market will stop and chop.