Stocks bounced and broke bear flag up. Unusual pattern invalidation, but it gives stocks a chance to return back to uptrend (which is broken now). Might get to 4440 on that impulse. Otherwise expect return back to triangle for re-test of support.

Dollar Index tried to breakout again yesterday but failed forming lower high on lower timeframes. It doesn't change the big picture which is bullish for DXY. Just give other assets more time to recover before potential dump.

@WiseForex #Stocks #DXY

#Gold found support at POC (3D chart).
#DXY bullish re-test of 93.5 - chances for bounce and uptrend continuation are still high (3D chart)
#SP500 made higher low (8H). Global uptrend is lost but we may still expect recover as it was in September 2020. Got to stay above POC on the next swing down.

@WiseForex #Stocks

Wanted to joke about Black Friday sale, as everything crashed including stocks and oil. But then I noticed that Dollar Index retraced a little as well so its not DXY fault anymore. News gave the answer - the most heavily mutated version of COVID was found in South Africa. Potentially it can become the most dangerous variant yet discovered.

Although new COVID variant isn't yet fully studied and might not be that bad as the fear about it, but it is enough to send global market into another correction wave and based on what I see on S&P500 chart we may see at least two weeks of bearish price action. This is how I see global market for the nearest two weeks time.

@WiseForex #DXY #Stocks #Oil