REBOUND AND THEN MORE DOWN

You short term swing and day traders will have a tricky week next week I feel. Probably more volatility which is “good” though.

SPY 1h chart, I’m guessing on a rebound but then more down. Charts doesn’t “tell me” could the rebound be strong or not but a hedge with longing strong stocks and shorting weak could be a good idea next week.

Daily gold chart is also interesting. Pattern wise, that should break down to more lows (= trend is down) but let’s see, next week could also be very interesting following gold..

Macro data has also been quite bearish the last couple of weeks.