The Periodical: 23rd September 2022
Stockmarkets and crypto continue decline toward an 18 month nominal low, the Dollar starts to peak from it's latest 80 day component and Gold sets up for a low of at least 20 week magnitude.
Chart Highlight: USDCAD
Round Up
An interesting couple of weeks in the markets from a cyclical perspective. In both cryptocurrency and stockmarkets the anticipated 80 day nominal trough in early September produced a lacklustre rally. Price in both markets is now continuing the underlying decline in what is a typical move at the late stages of a larger, bearish component. Watch the next 40 day component low due at the start of October for a possible position for the larger low or, more likely, toward the end of October. This reflects a 40 day margin of error present in both markets currently. Crucially and most notably in crypto (check out Bitcoin) the 54 month FLD looms very close to price. This is an area of likely support for the proposed and forthcoming 18 month nominal low.
Gold and Silver have diverged somewhat at t…