- 30Y closed on Friday with a Morning Star bullish reversal pattern. If the Friday candle low is not breached next week, the price is set for another rally next week and potentially breaking above the rising channel on its next test.
The housing market is about to start its nose dive.
It won’t be pretty going into the end of the decade.
Rates will start increasing next year, it will help the housing price decline.
Check Zillow or similar housing market places, tons of houses for sale, increasing every day! And when those properties will not be sold by summer time, the prices will start to decline, fast.
We did NOT move anywhere for the last 2 weeks. You could trade it regardless of whether you wanted to short it or buy it; both sides would have made money. The only important thing is to take quick profits and have stops.
I don't see a swing trade setup this week, only next week.
And we are back to insanity. People forgot that it's not even halfway through #Trump's first year.
It will be a volatile move up into Q1 2026 maj ATH. There will be big swings, and I'm sure it won't be easy for many to buy those lows, like it wasn't in April of this year.
#Crude is up today, together with the yields and metals. I have added an IHS pattern to my $CL chart.
This is not a bullish setup for the indexes; rather, it is a warning sign of a potential geopolitical escalation. So we must watch for a breakout or rejection of the sloping trendline resistance.
If it breaks to the upside, I will add to my energy producer stocks and $USO.
I noted about this $SPX monthly closing Morning Star reversal pattern on $TTR on Friday.
I'm sure many will be screaming how bullish it is and we're going to the moon right now, only to be proven wrong again at the end of June's monthly closing.
I still expect the June low to be a buying opportunity, and the major high in Q1 of 2026 though.