A Short Outlook on Metals, Dollar, Bonds, Stocks, Energy
Dollar Index -- Four-Hour Chart
This chart shows a mini "head and shoulders" reversal pattern and likely target over the next five sessions. The dollar index has been driving the market for the past couple years so a lower dollar means higher stock and commodity prices.
Bond Futures -- Four-Hour Chart
Money has been flowing into bonds for the past couple of weeks, with most traders and investors expecting a strong correction in stocks. As you can see, the price of bonds hit resistance this week and as of Thursday has started selling off. Money flowing out of this "Risk Off" asset means money will move to the "Risk On" investments such as stocks and commodities.
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