Cable Update (GBPUSD)
After somany losses I finally allowed my stupid brain to memorize and understood my system clearly. Time to recover.
{quote} VIX is up today but lowest it ever was. If VIX goes up, s&p goes down. If s&p goes down dollar could go up, but also could go down. SPY penetrated one of the weekly highs of 2022 a few day ago, now it sits at the bottom of the April range. On a smaller timeframe we can see right now the dollar is going up, while the s&p is going down(inverse relationship), the vix is also going up. Historically if VIX is at a top a downfall will stop and market goes up. If VIX is at a bottom , markets will go down. And since some people plan for half a year,...
{quote} Thanks for the question. To begin with, as mentioned in previous post : " It seems after listening to each Fed press conference that we are standing at a traffic light and we don't know if we need to go straight, turn left or right. Equity markets are stuck because they don't see clearly what lies ahead." I need to gather some thoughts before I can answer your question. I will return later with an answer that is as accurate and informative as possible, given my knowledge. Refreshment break. {image} met new friend for refreshment
