Good morning from CFT (our video is out!),
Bitcoin: We have been looking for a low in this area, and we have been pretty slow here as the U.S. stock market has been dragging down Bitcoin, we believe. Currently, Bitcoin is $55,500 as marked on the charts; we think a low is still being made, and we are watching for the resumption of the bull market.
On U.S. stocks: We are talking about longer-term, still looking for higher. We were looking for a pullback which we have gotten. Our indicators are almost at a buy signal, but not really there. We are watching here to add to U.S. stock long positions.
The U.S. Dollar: We want to be short. It’s continued to work a little bit higher, we think a major top is in here still, but once again, we are not short but looking to.
And also, with the XAU, we have been talking about a rally back above the 168 highs. We are there again, not long, but looking to get long.
Thank you, and have a good weekend!