Rate raise alert again. The Fed had say that most likely they will raise the rate in June. The same condition must be met for rate raise, they are inflation and jobs.
I am not going to predict if it going to raise the rate eventually in June, I really do not know if that is really going to happen or are they just trying to prepare the market. The job of a trader is to read and understand current situations then act on it and not trying to predict the future. So let not speculate about all these.
The situation now for stock market is still short term downtrend, long term up trend. You can choose to stay at the side line for now until things are more clear to buy again.
The above chart predicts the move of Gold. The chart is in weekly. It will not tell the magnitude but duration of the direction. The chart show the relationship between gold and bond price inverted.
These are some interesting tools to share. During my research I manage to get them out. Again these are not timing indicators, it just tell us what to expect in the near future. As much as I cant predict, but there is certain intermarket relationship that can tell us some stories. Market is moved by conditions and not charts.