Mid-Week Update

February 28, 2024

The themes and dynamics we have been capturing using the momentum and reversal models are still very much intact. In this week’s ATW, I looked at the usual BTC sideways action before a new break higher resumes. This has now materialised over the past 2 trading sessions and has taken us just below the 60k mark now (in USD). The momentum model has been long, from the low 40s on February 1st. We also have the first signs of an exhaustion building (yellow candles), which suggest that a consolidation is likely to occur in the few sessions ahead.

Source: Paper Alfa Engine Room

Every Friday, I run approximately 120 charts similar to the one above across Equities, Sectors, Cross-market ETFs, Rates, Curves, FX, Commodities, & Crypto. Every week, there are a few interesting set-ups to which subscribers are alerted. I will be expanding this offering, aiming at 200-plus charts, hopefully already by this coming Friday, delivering on the slogan Macro & More.

For those of you who are using TradingView as a charting tool, I have also made my scripts available for your own use. There is a fee involved in obtaining those scripts, as you will be able to run all my models on any asset you want in a limitless application. Contact me if you are interested.

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Let’s now have a look at what other charts have been flashing since our last update.