Sonny

Review for the week ahead

Focus for me this week is equities as they will drive the market once we get the decision on Wednesday regarding Trump's tariffs.

Nasdaq is shaping up pretty bad here imho, slowly condensing in this triangle formation, indicating volatiltiy compression. Once this breaks, up or down, it will be vicious. Obviously my bias is down.

It has consistently failed to break out from the RSI DTL. If the tariffs do get struck down then there could be potential for that to change but I think its unlikely. They tried to push the market higher into the decision Friday, and the fact it got delayed until Wednesday kind of showed everyone's hand a little.

Considering the hurst cycle low arrives around 20th Jan and it is currently drifting around the highs, we should be pretty close to a strong move down!

Let's see what happens

Silver daily bearish engulfing candle forming

Exhausted on multiple timeframes. As I mentioned before wave iv should be a sharp zig zag given ii was an expanded flat

Logical place to go long would be 48.88 (weekly swing close) which also sits perfectly in the middle of the golden pocket between 0.5-0.618 retracement of the wave iii impulse