Vantagepoint AI Market Outlook for June 26, 2023

Welcome to the Artificial Intelligence Outlook for Forex trading. VIDEO TRANSCRIPT Hello everyone, and welcome back. My name is Greg Firman, and this is the VantagePoint AI Market Outlook for the week of June the 26th, 2023. SPDR SPY ETF ($SPY) SPDR SPY ETF ($SPY) Now to get started this week, we’ll do a quick recap of the market conditions and accurate view of where we are in the year and then the month. We can see that the SPY is, S&P 500 up about 12.86% on the year. Once again, very important that we’re using accurate anchor points to get these percentages, not using lagging performance, rolling performance models because they can be very problematic here. Because when we look closer at the SPYs here, we can see for the month of June, we’re actually only up 3.65%. And as per last week’s weekly outlook, we can see that we have a top forming up here on the SPYs and on the S&P 500 within, and again, a holiday short week. But on Tuesday we can see that we slip below the weekly opening price and we start moving lower. Now, one of the questions I did get last week was, do I use the neural index strength? And my answer to that is a very strong yes. And here’s another trick that you guys can look for in the software is that the slope of this tool is very, very important. Because as we can see, the neural index is green, but the neural index strength is actually pointing down. Then we come into a holiday Monday trading and we remain green in the neural index, but the neural index strength continues to drop. So then by the 20th we can see that we’re moving consistently lower for the remainder of the week. Now our TCross.Long coming in at 431.63. And again, as per last week’s weekly outlook the direct inverse correlation that we’re watching here is the dollar index. So if this is going down, the SPYs are going down, as per last week’s weekly outlook. U.S. Dollar Index U.S. Dollar Index We anticipated dollar strength by the end of this past week, which we’re seeing now. So again, very important that we’re looking at all of the tools and bringing them in. Because as we can clearly assess here without too much issue is that we have a verified support low that formed on or about June the 16th. And the dollar has been rising ever since. But you can see that Thursday and Friday of last week, the dollar starts moving towards that again, that dollar cycle that I’ve talked about. Buying dollars at the end of the month into the first week of the new month. If we look at the neural index strength, we can see again, the slope of this is very important because the neural index itself is down, but when we look closer at it, we got a yellow signal, a warning signal on here. But by Friday, as per last week’s weekly outlook, this strength is somewhat predictable at the end of the month. Because real money needs to buy dollars. They may not want to, but they have to, to settle trade balances, to settle government employees, old age security, there’s a large requirement. Again, currencies are very different than stocks guys. People must buy currency. Nobody is required to buy a stock, and that’s the easiest way to say it. Now the dollar is coming up against significant resistance. The TCross.Long, 102.96. I do anticipate that this level will be breached next week or the following week because again, it’s that period of known dollar strength. This is probably the final one until September. We get a little bit in August, but August is basically a very, very slow month. But July is still pretty good. So the bias here for next week again would still be the dollar to move higher in that period of strength. Now, we can’t rule out a failure, but the overall indicators, predicted RSI 59. We’re looking to build on momentum here, but our MA diff cross, highly accurate, the medium term against the long term predicted difference, we can see that that’s led to this move up. But again, we need to get moving here to say the least. I anticipate the dollar is going to open up around 102.90. So it’s got its work cut out for it next week. Just be careful, as we’ve discussed in the VantagePoint live training room, that Monday, Tuesday reversal. Never count on Monday being a true price. By the mid to end day Tuesday, you start to see the real price. And I would anticipate, again, the dollar coming into some strength by again, the Tuesday, Wednesday, Thursday of next week. But this Fed, very, very confused as to whether he is hiking, whether he is not, but he’s trying to put his foot down and he is saying, higher for longer and he plans on hiking at least two more times this year. So that’s not exactly going to be bearish for the dollar, but I don’t think it’s bullish either because we need to get out of this lagging data that the Fed is using, and see what the real inflation is here. But again, I think his 2% price target is completely unrealistic because of COVID and all the outside things that have occurred. So we’ll watch that level very closely. Gold Gold Now with gold prices, again, in my respectful opinion only, there’s an 80% probability of a global recession. And that usually favors gold buyers. So again, we will watch this very closely, but again, the dollar and gold can rise together. I’ve seen it many times, especially in a situation like this. But for now, the indicators are somewhat bearish. But I’ll again point to the difference between the neural index and the neural index strength. This upward slope of this neural index strength, again, in my opinion, is often a warning sign, that if nothing else, we may see a retracement. So that retracement would be back to our TCross.Long coming in at or about 1947. So again, somewhat of a bearish week for gold. But again, we can see this once again using that neural index strength, you can see that there’s actually two very, very different signals here. You’re green on the neural index, but the neural index strength and the slope of that is actually pointing down. And that led to a fairly significant downward move on gold last week. So again, I fully support the use of the neural index strength and especially when we combine it with the additional VantagePoint indicators. So when we look closer at this with gold, our predicted differences are dropping. Our neural index is unable to break the 60 level, 59.6. Now a 60:40 split on the predicted RSI and then using a nine period basically speeds the indicator up a little bit. But more specifically, I’m looking for strength or momentum in the market, not an overbought or oversold, guys. I would argue that’s not the best way to trade these current markets. They’re momentum based. So I’m lacking the momentum here. I’m not getting above the TCross.Long. The neural index strength is sloping down, ultimately breaks below the zero line, and that led to a pretty strong move to the downside in gold, if we just look at that briefly as to where we finished the week here. That’s highly, highly accurate, in my respectful opinion. 2% is still 2%, guys. But again, be careful with this one next week. I still think that gold and the dollar are capable of rising together. S&P 500 Index S&P 500 Index The S&P 500 mirrors the SPYs. I still have things up there from last week. Let me pull that off. So again, when we look at this closer, it is basically the same trade. So our main support for our stocks next week are coming in at 4319, but I could anticipate in the days and weeks ahead that we retest the 4183 because again, this period of known dollar strength, whenever the dollar rises, most of your other markets go lower except for one I’m going to talk about here in a minute. But again, this would imply more downward pressure on stocks, at least for the next week and a half or two. So if you get a mysterious stock rally tomorrow, on Monday, then that may be a good selling opportunity because these indicators, our predicted differences are sloping and pointing down, the predicted RSI, 49.9, we’re losing our upward momentum. And again, that neural index strength is pointing straight down. So again, at the very least here guys, I anticipate a test of the TCross.Long at 4319 with a close of 4348. Crude Oil Crude Oil Now oil often… I think it’s a pretty well known seasonality in oil here. And usually oil starts its decline early to mid-July, but oil has really kind of struggled the better part of this year. When we look at this over a six month period, again, a lot of sellers camped out around that yearly opening price. And that’s why, again guys, why it’s so important to use proper anchor points in your measurements. You don’t want to go back into the previous year other than looking at seasonalities. When we’re looking at actual true performance oil has not done well this year at all. It’s really struggled the better part of this. So again, when you briefly look at this, you can see that again, they’re just selling. Anytime it gets positive on the year they’re using that to set shorts. But now we’re coming to the end of that seasonal period, so it’ll be an interesting month for July. And again, if there’s more recession fears, that doesn’t bode well for stocks or for oil. But our key level for next week, again, our monthly opening price, 67.70, which I had briefly discussed last week, that we are likely going to come down and test this area soon. But if we break down below the monthly opening price, that just confirms that we’re a matter of days of this seasonality kicking in and a deeper move lower on oil is likely. Our indicators are confirming that right now. Neural index strength, predicted RSI is building momentum here. I find that one very interesting here. So if we can get down below this particular area, then there is room still for oil to go lower. Bitcoin Bitcoin Now, the shining light in last week’s trading again remains with that market that they continue to tell us not to buy, and it is somewhat comical. In the VantagePoint live trading room, we actually talked about this a month ago, that Bitcoin would likely rise at the end of June and the beginning of July when it starts its normal seasonal pattern. But again, a little bit early, but a heck of a move just the same. So we can see our support down here building right along that VantagePoint TCross.Long, 26,371. I’ve been talking about these areas for the last several weeks, but again, the lower end of this channel clearly holding. And again, this is something I had talked about over a year ago where I’m looking for Bitcoin to move away from its correlation to equities. Then it positively correlated to gold. And now again, Bitcoin appears to be standing on its own two feet here, but I will concede, we are very close to that seasonal pattern starting. Which is usually around mid-July, and then it kind of goes sideways for the summer, obviously. But then mid to late September to mid to late October, you get a big push, usually the final push. But right now, again, a lot of money still moving into Bitcoin. We’re closing out the week here very, very strong. But we’ve got to keep this momentum moving. If we look at this over a six month period, you can see there’s a very dark cloud hanging over this. So we just need to push through here and to get things moving. But I do anticipate Bitcoin will still hold its ground at least until mid October. Euro versus U.S. Dollar [Image] Here are Some More Investing Tips and Resources. Enjoy! Sponsored [Click here to reserve your seat now!]( [Vantagepoint AI Market Outlook for June 26, 2023](?site= Welcome to the Artificial Intelligence Outlook for Forex trading. VIDEO TRANSCRIPT Hello everyone, and welcome back. My name is Greg Firman, and this is the VantagePoint AI Market Outlook for the week of June the 26th, 2023. SPDR SPY ETF ($SPY) SPDR SPY ETF ($SPY) Now to get started this week, we’ll do a quick recap of the market conditions and accurate view of where we are in the year and then the month. We can see that the SPY is, S&P 500 up about 12.86% on the year. Once again, very important that we’re using accurate anchor points to get these percentages, not using lagging performance, rolling performance models because they can be very problematic here. Because when we look closer at the SPYs here, we can see for the month of June, we’re actually only up 3.65%. And as per last week’s weekly outlook, we can see that we have a top forming up here on the SPYs and on the S&P 500 within, and again, a holiday short week. But on Tuesday we can see that we slip below the weekly opening price and we start moving lower. Now, one of the questions I did get last week was, do I use the neural index strength? And my answer to that is a very strong yes. And here’s another trick that you guys can look for in the software is that the slope of this tool is very, very important. Because as we can see, the neural index is green, but the neural index strength is actually pointing down. Then we come into a holiday Monday trading and we remain green in the neural index, but the neural index strength continues to drop. So then by the 20th we can see that we’re moving consistently lower for the remainder of the week. Now our TCross.Long coming in at 431.63. And again, as per last week’s weekly outlook the direct inverse correlation that we’re watching here is the dollar index. So if this is going down, the SPYs are going down, as per last week’s weekly outlook. U.S. Dollar Index U.S. Dollar Index We anticipated dollar strength by the end of this past week, which we’re seeing now. So again, very important that we’re looking at all of the tools and bringing them in. Because as we can clearly assess here without too much issue is that we have a verified support low that formed on or about June the 16th. And the dollar has been rising ever since. But you can see that Thursday and Friday of last week, the dollar starts moving towards that again, that dollar cycle that I’ve talked about. Buying dollars at the end of the month into the first week of the new month. If we look at the neural index strength, we can see again, the slope of this is very important because the neural index itself is down, but when we look closer at it, we got a yellow signal, a warning signal on here. But by Friday, as per last week’s weekly outlook, this strength is somewhat predictable at the end of the month. Because real money needs to buy dollars. They may not want to, but they have to, to settle trade balances, to settle government employees, old age security, there’s a large requirement. Again, currencies are very different than stocks guys. People must buy currency. Nobody is required to buy a stock, and that’s the easiest way to say it. Now the dollar is coming up against significant resistance. The TCross.Long, 102.96. I do anticipate that this level will be breached next week or the following week because again, it’s that period of known dollar strength. This is probably the final one until September. We get a little bit in August, but August is basically a very, very slow month. But July is still pretty good. So the bias here for next week again would still be the dollar to move higher in that period of strength. Now, we can’t rule out a failure, but the overall indicators, predicted RSI 59. We’re looking to build on momentum here, but our MA diff cross, highly accurate, the medium term against the long term predicted difference, we can see that that’s led to this move up. But again, we need to get moving here to say the least. I anticipate the dollar is going to open up around 102.90. So it’s got its work cut out for it next week. Just be careful, as we’ve discussed in the VantagePoint live training room, that Monday, Tuesday reversal. Never count on Monday being a true price. By the mid to end day Tuesday, you start to see the real price. And I would anticipate, again, the dollar coming into some strength by again, the Tuesday, Wednesday, Thursday of next week. But this Fed, very, very confused as to whether he is hiking, whether he is not, but he’s trying to put his foot down and he is saying, higher for longer and he plans on hiking at least two more times this year. So that’s not exactly going to be bearish for the dollar, but I don’t think it’s bullish either because we need to get out of this lagging data that the Fed is using, and see what the real inflation is here. But again, I think his 2% price target is completely unrealistic because of COVID and all the outside things that have occurred. So we’ll watch that level very closely. Gold Gold Now with gold prices, again, in my respectful opinion only, there’s an 80% probability of a global recession. And that usually favors gold buyers. So again, we will watch this very closely, but again, the dollar and gold can rise together. I’ve seen it many times, especially in a situation like this. But for now, the indicators are somewhat bearish. But I’ll again point to the difference between the neural index and the neural index strength. This upward slope of this neural index strength, again, in my opinion, is often a warning sign, that if nothing else, we may see a retracement. So that retracement would be back to our TCross.Long coming in at or about 1947. So again, somewhat of a bearish week for gold. But again, we can see this once again using that neural index strength, you can see that there’s actually two very, very different signals here. You’re green on the neural index, but the neural index strength and the slope of that is actually pointing down. And that led to a fairly significant downward move on gold last week. So again, I fully support the use of the neural index strength and especially when we combine it with the additional VantagePoint indicators. So when we look closer at this with gold, our predicted differences are dropping. Our neural index is unable to break the 60 level, 59.6. Now a 60:40 split on the predicted RSI and then using a nine period basically speeds the indicator up a little bit. But more specifically, I’m looking for strength or momentum in the market, not an overbought or oversold, guys. I would argue that’s not the best way to trade these current markets. They’re momentum based. So I’m lacking the momentum here. I’m not getting above the TCross.Long. The neural index strength is sloping down, ultimately breaks below the zero line, and that led to a pretty strong move to the downside in gold, if we just look at that briefly as to where we finished the week here. That’s highly, highly accurate, in my respectful opinion. 2% is still 2%, guys. But again, be careful with this one next week. I still think that gold and the dollar are capable of rising together. S&P 500 Index S&P 500 Index The S&P 500 mirrors the SPYs. I still have things up there from last week. Let me pull that off. So again, when we look at this closer, it is basically the same trade. So our main support for our stocks next week are coming in at 4319, but I could anticipate in the days and weeks ahead that we retest the 4183 because again, this period of known dollar strength, whenever the dollar rises, most of your other markets go lower except for one I’m going to talk about here in a minute. But again, this would imply more downward pressure on stocks, at least for the next week and a half or two. So if you get a mysterious stock rally tomorrow, on Monday, then that may be a good selling opportunity because these indicators, our predicted differences are sloping and pointing down, the predicted RSI, 49.9, we’re losing our upward momentum. And again, that neural index strength is pointing straight down. So again, at the very least here guys, I anticipate a test of the TCross.Long at 4319 with a close of 4348. Crude Oil Crude Oil Now oil often… I think it’s a pretty well known seasonality in oil here. And usually oil starts its decline early to mid-July, but oil has really kind of struggled the better part of this year. When we look at this over a six month period, again, a lot of sellers camped out around that yearly opening price. And that’s why, again guys, why it’s so important to use proper anchor points in your measurements. You don’t want to go back into the previous year other than looking at seasonalities. When we’re looking at actual true performance oil has not done well this year at all. It’s really struggled the better part of this. So again, when you briefly look at this, you can see that again, they’re just selling. Anytime it gets positive on the year they’re using that to set shorts. But now we’re coming to the end of that seasonal period, so it’ll be an interesting month for July. And again, if there’s more recession fears, that doesn’t bode well for stocks or for oil. But our key level for next week, again, our monthly opening price, 67.70, which I had briefly discussed last week, that we are likely going to come down and test this area soon. But if we break down below the monthly opening price, that just confirms that we’re a matter of days of this seasonality kicking in and a deeper move lower on oil is likely. Our indicators are confirming that right now. Neural index strength, predicted RSI is building momentum here. I find that one very interesting here. So if we can get down below this particular area, then there is room still for oil to go lower. Bitcoin Bitcoin Now, the shining light in last week’s trading again remains with that market that they continue to tell us not to buy, and it is somewhat comical. In the VantagePoint live trading room, we actually talked about this a month ago, that Bitcoin would likely rise at the end of June and the beginning of July when it starts its normal seasonal pattern. But again, a little bit early, but a heck of a move just the same. So we can see our support down here building right along that VantagePoint TCross.Long, 26,371. I’ve been talking about these areas for the last several weeks, but again, the lower end of this channel clearly holding. And again, this is something I had talked about over a year ago where I’m looking for Bitcoin to move away from its correlation to equities. Then it positively correlated to gold. And now again, Bitcoin appears to be standing on its own two feet here, but I will concede, we are very close to that seasonal pattern starting. Which is usually around mid-July, and then it kind of goes sideways for the summer, obviously. But then mid to late September to mid to late October, you get a big push, usually the final push. But right now, again, a lot of money still moving into Bitcoin. We’re closing out the week here very, very strong. But we’ve got to keep this momentum moving. If we look at this over a six month period, you can see there’s a very dark cloud hanging over this. So we just need to push through here and to get things moving. But I do anticipate Bitcoin will still hold its ground at least until mid October. Euro versus U.S. Dollar [Continue Reading...](?site= [Vantagepoint AI Market Outlook for June 26, 2023]( And, in case you missed it: - [1929, 1973, 1987 and 2000…Why it’s NOT Different This Time](?site= - [Ready to Rumble](?site= - [Sell Signal On the Equal-Weighted Nasdaq](?site= - [Bollinger Bands: Strategies Tested & Best Settings Explained](?site= - [The Week Ahead June 2023 – [STI, HSI, NASDAQ & S&P]](?site= - FREE OR LOW COST INVESTING RESOURCES - [i]( [i]( [i]( [i]( Sponsored [This Trade Has Paid Out 99.1%]( We’ve made THIS simple trade over and over again… for years. The result? It’s cashed in winning trades 99.1% of the time. We call it the “310F Trade.” Getting into this “rinse and repeat” trade each Tuesday… could double your money by Friday. Sound too good to be true?[See how we’ve done it, week after week...for YEARS]( [Privacy Policy/Disclosures]( - CLICK THE IMAGE BELOW FOR MORE INFORMATION - [i]( Good Investing! T. D. 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