Hello from CFT (our video is out!),
BTC,
Still trading in this triangle. The red wave D up, we think, is taking some type of w-x-y; we are not sure about the x wave. We are showing a triangle for the x wave now. We still think ultimately we head higher, but we could reach a little bit lower as stocks are being so weak.
U.S. stocks,
We have talked about the green wave 4; we had it marked here. We are going to move it over; we still think we are trying to mop up an extremely deep correction in Nasdaq. We believe it will be over some time here soon.
The Dollar,
We have talked about being short. There was some selling coming in Wednesday, Thursday, Friday up here, a little island reversal top. We think the Dollar may be topping here, at least for some type of good pullback.
XAU,
We talked about a breakdown below that 148 level. We have gotten that; we have not bought, we are oversold, but we look for this market to return back to new highs for this move.
Thank You!
CFT Team.