Thread by @MarsiliosMM

Selected charts

DJI Weekly & Daily
First touch of weekly lower band since covid low
Lowest weekly RSI in about 1 year
Higher low 10/13 then very quickly back towards highs in next 2 days
Bulls in charge, per daily chart could see 36K

This chart may not mean much for crypto fans but I think interesting

Copper Gold ratio, weekly
Gundlach favorite (who's he most readers say lol)

There's that inflation pump
Bad for bonds (predicts higher yields, esp 10 year)

CL oil

Actually leading the market, notably higher highs compared to indexes

Seems like 90 is done deal, doesn't mean Monday is good entry though

Sensex / INDA

I was not on top of this but damn...

Smart $ play was not short China
But long India

VIX
VIX at levels that may turn based on technicals, daily band, QS1, OctS1, but based on astro think plunge lower more likely
If VIX closes under 15, bulls still winning, end of story
I also like to watch VXX SVXY

HYG high yield
A scare late Sept into last week
Sleeping at wheel while indexes down, but smart snap back also in line with stocks last week

Zone between arrows key to watch

If higher rates are going to cause problems will show here first so we will see divergence w/ indexes

Some of these charts probably more esoteric and perhaps of less immediate interest to crypto traders

However, I think ALL connected

India & Oil both huge new highs

Global growth! Sun in Libra / Venus in Sag combo.

Helps cryptos too with risk-on environment

For now...

Market getting the growth / inflation theme, but at same time, DJI leading among indexes, mega corps with pricing power

So inflation not a threat yet, good for cryptos too

~end~

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