In this week's newsletter; Global Sales and CPI Data After Employment Data Dollar Index and US 10-Year Interest Rates Bitcoin Stuck and Volatility Open Global Sales After Employment Data Even though the trend did not change until the Employment data last week, we witnessed rising movements in the markets. Last week's good data -> decline progressed in line with the bad data -> bullish forecast, and the expectation of a pivot from the Fed after the strong labor market data was in vain. Markets retreated to support zones before making new highs. On Thursday, October 13, there is the US CPI (consumer inflation) data, which will cause the most activity in the markets and will cause similar sharp movements. On Wednesday, the Fomc meeting may be the days when we will see hard moves. If we take a look at S&P in this direction. Dollar Index and US 10-Year Rates https://www.tradingview.com/x/Uz3pBdWe/ As I mentioned in my article last week, us10y is one of the most important indicators for us. Especially when liquidity problems are so high, it should be taken into consideration. It met resistance again at 3.99. Closing on it will not be good for all markets. Bitcoin Stuck and Volatility Ready Bitcoin daily:https://www.tradingview.com/x/QxCMJ2tn/ It is not difficult to say that hard movements are approaching in Bitcoin, which has not been very volatile for a long time. Fomc and CPI can be the beginning of hard movements. Inflation, which is higher than expected, will also cause a decrease. There may be touches to the 18500 level due to volatility, but as long as it does not close below, I think it will force 20500. If it can't come to these levels and close, weakness can be interpreted and a regression to 19500 can be expected as the first target. If 20528 is passed, 21295 and 22256 are important resistances. Since it is in a very narrow area, support and resistance levels are now very close to each other. On the other hand, closings below 18500 may lead to the expectation of 17935 and a new bottom. If it closes below the 17500 low and does not win again, the weekly levels in our article last week, namely 16150 -13720, will now be on the table. I wish you good profits with knowledge!
S&P500:https://www.tradingview.com/x/PysYV6O5/
Considering the volatility that may be happened, it makes sense to expect it to test the 3499 support. Other supports while 3397 and 3264. As of 3692, if there is no significant resistance and daily closes above it, I think that the test of the supports is a strong possibility. Closes above 3765 will play an important role in the upward movement.
Dxy:https://www.tradingview.com/x/NOwxfSot/
In line with our expectations last week, decreases were experienced at the beginning of the week and found support at 110 levels again. It came to 113.5 levels with a daily close above 111.79. There are still strong resistances when we look long-term and even if it makes a new high, I don't think it will hold up for very long. Our support levels are 111.79 and 110.32, the loss of each will cause lower levels to be attempted. I will not trade on the basis of its decline without drawing a clear bearish structure, no matter how clear resistance is reached by crossing 115.
US 10-Year Rates
