To quote a trading legend we’ve learned so much from, “things happen when nobody’s paying attention”. Well, in that spirit, we invite you to look at the charts below.

So much focus has been placed on the “idiotic” moves on the indexes (including the rarely-seen failure of an instant reversal - see the ES chart below) this past week, that it’s easy to lose sight of what seismic shifts may be happening in other asset classes. See the charts below, what do you see?

The 6E, being basically the DX upside down, shows that we can expect the resumption of the weakening of the USD. Meaning, our job will - always add: most likely - be to look for opportunities on major currency pairs (6E, 6S, 6A, 6N etc.) on the long side in the coming days and weeks.
After a week of a pause in buying (which, note, did not result in a major selloff, itself a bullish sign), money started to pour into GC again (and on a Friday, and with the high of the day at the close!). So now we do expect the sideways consolidation to break to the upside in the coming days. Whether gold will be 5000 soon, we will not speculate, that’s not a question we ask ourselves. What we focus on is always the next 1R trade, with the potential of keeping a runner. (What recent events on GC may mean for the SI - as well as PL and PA - we have covered in many videos before, check them out!)
Also look at ZB (and ZN/ZF). US treasuries still being the ultimate safe heaven (for the time being, anyway), the commencement of the pouring of money into treasuries with such force, and concurrently with the two other events we have noted above (6E and GC), points to - further - potential trouble on US equities.
To quote a rock’n’roller, strange days indeed… But also days which many will profit from. Make sure you’re ready for next week, make sure you have our technology (The Remek! Standalones: PRO STR, BT and BTX) on your trade desk and make sure you have internalized our method of trading crowd behaviour!