The markets are in risk-off for the last few days, but stocks can be coming into some interesting support by the end of the week when we may alos expet volatile trading on the euro due to ECB interest rate decision. Also, we are seeing a very nice upward move on the cryptos so far, which can extend even further if risk-on returns.
Its interesting to see crude oil coming down from resistance despite geopolitical issues. Metals remain safe haven, while bonds are moving into some extreme oversold conditions when looking at the COT data. I talk about this and a lot more in our latest Ellliott Wave Live session.
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DXY: Safe-Haven Has Room for 108. Check our free chart HERE.