Market Breaking News: May 8, 2023 Indices, Stocks, USDX & YEN Analysis

Market Breaking News May 8 Update, 2023:

Medium Term
Indices- Sideways looking for a low bounce
Stocks- Sideways looking for a low and bounce
USDX- Sideways to lower
YEN- Sideways looking for a low and bounce
Commodities-  Higher
Cryptos- Higher

TRADING OPPORTUNITY

Buying  XAU and XAG (in the correction)
Buying  Commodities Crosses (in the correction)
Buying GDX/XLE (in the correction)
Buying Tech (in the correction)
Selling USDX (in the correction)
Selling BAC bounces as Hedge Trade (in the correction)

WHAT WE DON´T DO IN THE MARKET UNTIL MORE DATA

Do not Sell Yen Pairs
Do not Sell Precious Metals
Do not Buy or Selling Indices
Do not Buy USDX 

 

RIGHT SIDE :

USDX 

Weekly- Higher
Daily- Lower
4 Hour- Sideways-Lower
1 Hour- Lower

Indices 

Weekly- Bullish
Daily- Bearish
4 Hour- Sideway-Lower
1 Hour- Higher

YEN Pairs

Weekly- Higher
Daily- Lower
4 Hour- Lower
1 Hour- 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.

Never risk more than 2% capital per trade
Indices and Stocks Lower, USDX  Higher, YEN Sideways to Higher