Good morning from CFT (our new video is out!),
Bitcoin, We have talked about the Bitcoin market continuing to subdivide higher; that is happening. We assaulted $60,000 last night, with rumours of an ETF being okayed by the U.S… And our indicators are still friendly, our primary indicator did reset, and it appears that we are still going to continue to subdivide higher.
U.S. stocks, We have talked about a low being made; we think that is still the case. We have had more strength here this week, and we expect stocks are going to continue higher from these levels.
U.S. Dollar, Right around that 94 area, we still think a top is being made; maybe we just had an upthrust. We do look for a move down to possibly down to new lows below 89. And at the same time, the XAU should have continued rallies off these lows and work back towards that 170 level.
Have a good weekend, thank you!
CFT Team!