The US$ is still the ALPHAdog. We should expect the $ to rally again somewhere around Feb. The 1. chance for the Low will be next week.
The early Feb FibTime spike occurrs in in OIL, GOLD, Dollar and Stocks (IWM) at the same time which gives you and idea how aligned the markets are with King DOLLAR.
The Euro looks similar
which we called on Jan 9.
We made a
bullish case for Gold on Jan 4 and this has worked out nicely. Gold will be affected by KING Dollar and should see some intermediate Top next month.
The Small Cap Stocks hint at chance to see this Top more towards the end of Feb. - maybe after a brief relief breather on the downside. What supports this case is the fact that Mr. Market has refused to correct which he was supposed to do over the last weeks.
The Market is fairly overbought with a reluctance to correct which lets me expect some upside SPIKE!!
That OIL is going into some bullish Sesonal timewindow should support the above.
The Exhaustion picture on the IWM tells a similar story. We are HOT but not there yet.
When we look at the MOMO (momentum) charts we see the same in the EURO and Gold. We need to see a bearish crossover in the Price & the Flow MOMO to call that the Top is in. The Moneyflow MOMO usually reacts faster so we will monitor this closely.
Optionflows (here on the GLD) confirm the above. <=> Overbought but still too much complacency
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It also looks like we follow the
Bradley model very closely. The stars seem to show the way......
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