Quad Market Movement as the Stock Market Crashes March 21
This morning we just updated the “Stock market crashing through key target levels” but what’s happening beyond the stock market?
What’s happening to Gold, US Treasuries, and the US Dollar? Are they surging or crashing too?
Let’s find out as volatility has clearly returned to our markets:
Using the stock market as our baseline, we see a swing down to begin March and a short-lived positive reversal on the Federal Reserve raising interest rates last Wednesday.
While price stalled then began trading lower, this morning gives us a literal collapse of the market.
At the same time, Gold was trading lower into the Fed announcement then reversed positively and continued its bullish surge (as we forecast in this week’s Member Strategy report).
Similarly, US Treasuries (positively correlated to Gold recently) traded down into the announcement and then surged/reversed higher after it.
While safety markets Gold and Treasuries surged, unfortunately the US Dollar Index collapsed right with the stock market, plunging to a new swing low beneath the key 100 index level.
It helps to take a quick look at the broader picture of money flow, even if you don’t trade these markets.
Follow along with members of the Afraid to Trade Premium Membership for real-time updates and additional trade planning.
Corey Rosenbloom, CMT
Follow Corey on Twitter: http://twitter.com/afraidtotrade
Corey’s book The Complete Trading Course (Wiley Finance) is now available along with the newly released Profiting from the Life Cycle of a Stock Trend presentation (also from Wiley).”