Good morning from CFT (our video is out!),
BTC, The a-b-c correction we had been looking for did end down there at $40,000. We are looking for still higher; we have higher objectives, looks like we are in a wave 3 purple to the upside. There will be pullbacks along the way; we look for a little bit higher next few days, then we will have a short term pullback that we will want to get more aggressive on. But for now, still higher.
U.S. stocks, we talked about them coming into a low last week; that low was reached. Indicators are starting to get a little bit overbought so that we could pull back. But it appears we made another low in U.S. stocks last week.
Dollar, We talked about this level having turn us lower; we want to be short; indicators are not there at the moment, but we do not think the Dollar is headed higher here; we look for it to turn lower.
Precious metals, We were looking for a bounce, we have bounced a little bit off the lows, and we think we will still see higher metals while the Dollar works lower.
Thank You, and have a good weekend!
CFT Team!