DEG technical level is sound. I was looking through it into XAUUSD and I see at the time $1800 to be tested. A stop run below was always a good opportunity to play a swing trade BUT look at the overhead chunk of resistance, bull trap I thought and it seems to be playing out unfortunately. I posted a COT chart implying commercials were still buying, a bad sign for the bulls. I just happened to flip the DXY and it shot through to a 20Y high. This tells me risk is off the table perhaps recession is more than not (?). The FX world is caving in chiefly EURUSD weighting.
My gut says bottom is close in equities but the head says we have more to fall. Time is not the enemy for the patient but FOMO is for the bottom picker.
