Weekly Outlook (02/10/2019 - 02/15/2019)
This is an important week for S&P. Price performance during this week will guide the progress of the medium term trend. Our outlook is to expect early gains from the uptrending hourly cycles from end of last week followed by weakness.
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S&P Futures Hourly Cycles - 02/10/2019 |
Bitcoin should see some gains this week. Even digital currencies follow cycles. Note their major low came right at cycle bottom on 2018-12-15 (left side of chart).
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Bitcoin Hourly Cycles - 02/08/2019 |
US Dollar Index might see one sharp pullback followed by continued gains.
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US Dollar Index Cycles - 02/10/2019 |
Gold, Silver should continue to see weakness with uptrending Dollar. Their cycles are down. Their price target was reached before cycle peak.
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Silver Cycles - 02/10/2019 |