Post by
apapas1973 on Jun 14, 2022 10:11pm
Prepare for volatile swings tomorrow.
I have a feeling tomorrow will be a doozy. We're probably going to see erratic swings both before the FOMC and especially after. As of now the 75 pointer is a lock ( you're about to lose Youbet). There's even a smidget of a mark for the 1 pointer. But that's not even a possibility. It's barely showing. Im still of the opinion that the US dollar will put in a near term top at roughly 106. That's the last level of resistance and then we head to 120. We're almost at 106 now. I think the FED will raise 75 but follow with a dovish comment and that will drop the dollar. We'll have to see where the dollar bottoms over the next month or two and decide what direction it'll take at that time. GLTA. For what's it's worth I think CNC will join in on the run but many resistance levels to overcome. Unless the Fed hints at reversing any future rate hikes (putting the markets in a runaway bubble at that time), I think we'll be just heading up within a bear market only to come back down and not only retest, but break these lows.
Comment by
Youbetyourask on Jun 15, 2022 12:47am
I Agee on the last sentence only. We 'lol see. Tomorrow comes soon enough. Get your check book ready my friend. :) Cheers to all us long CNCers