Good Morning from CFT (our new video is out!).
BTC did continue to work higher as expected. We have assaulted the $67,000 level; right now, we are $62K. Possibly the first subdivision of wave 1 is done to the upside in this purple wave 3 that we are showing. So we could see a little bit more sell-off before our indicators get bullish again, and we will look for continued higher.
U.S. stocks, we have talked about low being made there a couple of weeks ago. We still think this market looks pretty good; We probably should continue to new all-time highs here as well.
US Dollar, we have talked about a top being made and a move down to 89, and we are still looking for that. Indicators are a little bit oversold so that we could bounce here, but ultimately we think the Dollar continues to work lower.
And conversely, the XAU we have talked about a low being made and continuing higher, and we still expect that.
Have a good weekend. Thank you!
CFT Team.