US Dollar Re-Entry and Yield Floor Testing

Equities

• Tesla: We are maintaining an efficient short entry price point of $383.994, the point at which a short entry hypothesis would be triggered. The invalidation level would be $439.29, and the target price point would be $326.92.
• Nvidia: The asset breached our intermediate demand level price of $219.73. A "buy" hypothesis initiated at this level would have an invalidation level of $211.169 and a target level of $228.291.
• Dow Jones: Price on the Dow Jones Industrial Average decelerated, driving us to exit our long hypothesis early, locking in a minor profit before the drop. Price may attempt once more to rise, testing the supply level of $52,935.64 before falling further towards our established Daily demand level of $48,800.19.
• NASDAQ 100: We are currently active in our short hypothesis with an entry price point of $29,236.10, an invalidation level of $30,747.81, and a short hypothesis target one of $27,717.80.
• S&P 500: We currently have a "buy" hypothesis entry-level of $7,420.09, which coincides with the Daily demand level. Our invalidation level is $7,142.14 and our upside target price is $7,781.65.

Forex & Rates

• U.S. Dollar: The US Dollar reached our short hypothesis re-entry price point of $99.347, triggering our short hypothesis. Target price level one is $97.514 and short hypothesis target price level two is $97.364.
• 10 Year Treasury Note: The yield closed just shy of the psychological 5% level at 4.98%. Demand at this level creates a downside area of interest of 4.66%.
• EUR/USD: We are maintaining a Daily supply level and short entry trigger price of $1.17414. The invalidation level at this short entry is $1.18950.
• GBP/USD: Our short hypothesis is currently active and in profit with the entry triggered at the $1.36084 price level. Take profit targets one and two are $1.34156 and $1.33605 respectively.
• USD/CAD: Our "buy" hypothesis is active and currently in profit, with an invalidation level of $1.35090 and take-profit levels of $1.42702 and $1.44993.

Commodities & Crypto

• Bitcoin: BTC had a Daily closing price below $77,333.82, confirming the increased likelihood of a strong downside move. A short hypothesis is valid with an invalidation level of $90,363.56 and short hypothesis target levels of $66,914.28 and $63,589.08.
• Gold: Our active short hypothesis is currently in profit with an entry price of $4,606.615 and a current Daily close of $4,349.420. Current yields may place pressure on holders of Gold, pushing price down towards our target of $4,052.25.
• WTI Crude Oil: Bullish momentum continued this week. We are looking to exit our initial short hypothesis at a retreat to the Daily demand level of $87.091, and simultaneously initiate a "buy" hypothesis at this level.