Asian Open – Fed cuts rates to zero and possible mirror image foldback NYSE Index

here’s last weeks post on the Asian Open and the YEN. level worked pretty well and we rallied pretty much all week. the USD vs YEN should stay below the 108.46 level and/or 109.866. if (the big if) this sell signal works then it ‘should’ put pressure on the equities:

even w/ the FED cutting rates take note of the key (intraday sell signal) on the bonds … intraday/15 minute chart. we have higher targets but this is the ‘first’ sell signal from the lows back on 3/13.

here’s the potential mirror image foldback I’m monitoring on the NYSE Index. Pretty symmetrical pattern. note the key trend line … that’s a BIG DEAL.

Author: BART

BART is a CMT and an expert a "advanced" pattern recognition used w/in the intermarket analysis discipline. He's also an accomplished Business Development Executive providing solutions to a myriad of business markets.

2 thoughts on “Asian Open – Fed cuts rates to zero and possible mirror image foldback NYSE Index”

  1. Dear Mr.Bart,
    how is SanDiego treating you in these uncharted territory days of crashes and possible recession now a days from what is going on !!!
    with that said i have read all your posts and hoping that this will pass too or atleast hoping for that in my old days
    if you find time will you please do a post on BA ; i do not know what is going on there but without that American Airline industry and even defence and air programs will survive or not !!! ????
    as always i respect your wisdom and always read what you write
    thanks again,
    vick

    1. Vic – thanks so much for reaching out. will certainly take a look and post on BA. trust that you are well and be safe! Bart

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