1. US10 – rising on the daily timeframe:
As a confirmation signal, it was good to learn (backtest over the weekend) that it has a general negative correlation with the US10Y.
2. US10Y – pulled back on the 4 hour and daily timeframe, but still showing bearing price action structure. The fact that the US10 is still rallying increases the odds that the US10Y yields will keep declining.
3. BTC – moving sideways, but favouring an upside rally that will take the price of BTC above $100,000.
4. USOIL – still moving sideways: ranging. Therefore, I am not expecting JETS, UAL, or LUV to start declining as of yet.
5. NATGAS – NATGAS moving sideways on the 4 hour timeframe.
6. MARA – analysed.
7. UVXY – analysed.
8. BIDU – analysed.
9. CMG – analysed: wait for the price action to reach the daily timeframe support level before submitting another entry.
10. WMT – analysed.
11. JETS – analysed.
12. UAL – analysed.
13. COST – analysed.
14. SFM – analysed.
15. AXP – analysed.
16. SOXX – analysed: still ranging.
17. INTC – analysed.
18. DG – analysed: it may present a 4 hour timeframe bullish price action opportunity in the near future, so continue to assess everyday.
19. LIT – analysed.
20. LTCUSDT – analysed.
21. XAUUSD – analysed.
22. TIGR – analysed.
23. X – analysed.
24. MU – analysed.
25. TLT – analysed.
Learning Points
- US10 is negatively correlated with the US10Y so always use it to assess the most probably direction of the US10Y yield.
- Remembered that BTC, US10Y, DXY, USOIL, XAUUSD, and NATGAS can all be assessed before the US markets re-open at 2.30pm (GMT).
Next Action
- Continue to assess the price action of the US10 in conjunction with the inverse movement of the US10Y.
- Consider entering a TIGR long as the price action appears to be ready to break the current resistance level.
- Remember that you can assess US10Y, DXY, USOIL, NATGAS, and BTC before the US markets open each day.
- Keep a close eye on DG, on the 4 hour timeframe, for a long entry.
