QUICK UPDATE FROM MARTEE - JULY 10, 2022
Added 2022-07-10 16:19:25 +0000 UTC
Sunday July 10, 11: AM EST BTC $20,800
I just returned from a 10-day holiday and am feeling refreshed and pumped.
THE USD Index is worth watching
As of Friday past, the USD Index (DXY) hit our major 108 target ( from 2020 at 0.88) and will likely pause and pull back towards the 105 range.
Suppose this correction turns out to be the minor pullback that we expect. In that case, we will likely see the continuation of the 5-point later this week and the start of the parabolic run that I expect to continue into late summer.
Although we could say, we are officially in our 5th wave, the length of this 5th is never certain.
This could explode from here into the blow-off which would be much higher ( 112-120)
If on the other hand, the correction turns much deeper we may in fact have seen the top. (not as likely)
Either way, we need to prepare to take advantage of $ asset deals, ( Gold, Silver bullion necessary assets) which will accelerate in price as the dollar loses its lift and rolls over. with the other debt-based assets like Bonds and Equities.
Dick and I will have a more in-depth update Monday evening
Martee
