Hello from CFT (our new video is out!),
BTC:
We had mentioned on the 26th up here this could be a “b” wave ending. We did get a sell signal on stocks the next day, which ushered in the decline for the red wave “c”, as shown.
Since then, we have struggled to rally. Our stock indicators have went bearish today, so it looks like stocks want to try the downside, and Bitcoin as well could rollover here and not sure the exact Elliott Wave count, but it seems like we are looking for some type of pullback in the days ahead.
Stocks: As stated, our indicators on stocks are overbought going into today’s close. We think this market could rollover again and test the lows, or possibly go to a new low. So we are on the sidelines looking for lower.
Dollar:
Continues higher. Again, we want to be short this market, but we can’t get a good sell signal, so we are still on the sidelines.
Precious Metals,
Are falling because of the strong dollar. Again, we want to be long here but are not getting a good buy signal, so we are on the sidelines.
Thank You!
CFT Team.