Market Analysis (11 June’21)

NQ, weekly

TRIX – could flip long next week

TTM Squeeze – long

Pattern – Wedge (usually bullish)

Expectation — if NQ breaks out, we might see 20%+ rally

RTY, weekly

TRIX – could flip long next week

TTM Squeeze – could flip long next week

Pattern – price is breaking out from the symmetrical wedge

Expectation — if RTY continues moving higher next week, we might see another 20% rally

CL, weekly

TRIX – could flip long next week

TTM Squeeze – flipped long

Pattern – breaking out from the Wedge

GC, weekly

TRIX – long

TTM Squeeze – long

Pattern – price is forming a potential Bull Flag

Action – consider going long if GC moves above $1900

SI, weekly

TRIX – long

TTM Squeeze – long

Pattern – price has formed a multi-months triangle

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