The Banks weekly had a
111 week cycle that bottomed at the
9/8 week at 89.13 and
has since closed sharply higher last
week at 99.26. A solid rally and close above 99.03 will lead to a test of its All time Highs at 121.16.
The
weekly Bond markets Interest Rates bottomed at the 133 wk cycle at the 9/8 week at 26.51 and closed higher last week at 28.57, suggesting an intermediate Interest Rate Low & Bond High was formed.
The Dollar weekly Chart bottomed at the 162-63 week cycle
Low at the 9/8 week at 90.99 and closed higher last week at 92.885. We may have bottomed a large wave C of an
expanding triangle.
The Gold weekly chart topped out at the 90 week cycle at the 9/8week at 1347.30 and closed sharply lower last week at 1281.50.
1 comment:
Coming up tomorrow, Could be a top day.
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