February 01, 2023 11:10 AM

Market Breaking News in February 1st Week, 2023: Indices and Stocks pullback and Higher USDX bounce and lower

Market Breaking News in February 1st Week, 2023: Indices and Stocks pullback and Higher USDX bounce and lower

TRADING OPPORTUNITY

 

Buy Commodities in Pullbacks
Buy Tech with a Bullish Structure
Buy XLV

 

What we don't do in the market until more information:

Do not Buy or Sell USDX
Do not Sell Indices
Do not  Sell Yen pairs
Do not Sell commodities in Higher Time Frame


USDX Pairs
Weekly- Higher
Daily- Higher
4 Hour- Lower
1 Hour- Lower
Near Term- Sideways to higher

Indices
Weekly- Bullish
Daily- Bearish
4 Hour- is  Turning up
1 Hour - Bullish
Near Term-  Sideways to higher

YEN pairs
Monthly- Higher
Weekly- Higher
Daily- Lower
4 Hour- Lower
1 Hour- Turning Higher
Near Term – Turning Higher

 

WARNING

 

 

The best trade is when we have two or more alignments in a row. And the instrument has a bullish structure:

 

Exp: Instrument In ( Weekly, Daily,4 Hour)
Weekly- Right side down
Daily - Right side up
4 Hour- Right side up

We can buy in 4 Hour / in (3,7,11) swings when the correction is complete.