Good Morning from CFT (our new video is out!),
Not much has changed in the last week.
We have had some sideways price action here; we are still looking for a rally above $60,000 for the wave “D” of the red triangle, so we are still looking for that.
The ALGO’s have been mostly trading from the long side, and in manual trading, we have been in cash.
For U.S. stocks,
as you know, we have been short. We took approximately a 4.5% loss as of yesterday. As our indicators were just kind of neutral, and on the Nasdaq, it looked friendly.
So we have taken small losses here and still looking to try and be short somewhere up here a little bit higher.
On the Dollar,
we have been short. We wanted the 90.45 level to hold. We went thru that a little bit again, and so far, we are holding, so we’ve got small losses here we are monitoring, but we are not staying with this position much longer if we don’t turn higher.
And in the same realm, still, short the metals, and they have rallied in the last few days so that we might be taking small losses here.
Have a good weekend!
CFT Team!