I hope everyone states side had a great independence day, the Chicago beaches were packed and I’m getting back from some vaca time in SC.
Markets have been slow as usual this summer but in the below video I highlight the most important move and change that I see in global macro landscape - and that is the most recent move in the Dollar. This dollar move really started to perk up June 16th with the break of the daily bands in our model and the RMC (real money candle) ignited the move to the downside on the Euro (bullish for the dollar) which then did see further follow through. Now price is testing the Pi line on the Daily and this area will be key for the commodities and bond markets.
I’ll be doing a crypto update for paid CycleEdge members - subscribe for access to that along with intra-day/intra week updates…
but enjoy this free Macro update. Here’s the video….
Cheers,
JJ