September 17-21 Weekly Trading Update PMs, S&P500, BTC, EMs by rollingthunder

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· @rollingthunder ·
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September 17-21 Weekly Trading Update PMs, S&P500, BTC, EMs
We close out the third week of trading in September and try to give some analysis as to what is effecting the markets in the USA and the World. 
![](https://cdn.steemitimages.com/DQmPcrkKY1Px7CztrnZ1jNCZV14JUtUmER5AxSjJ4zhczzM/image.png)
We review all chart on a weekly candle.

Emerging market currencies had a better week as the USD rate, which closed the week at 93.79, a drop of 1.18.  
![](https://cdn.steemitimages.com/DQmV9agFKGUSiAUE192WCdNEC21QG6khWcUpSP7zsrpEw6D/image.png)

Precious Metals has an up week, silver was threatening the $14.50 line but the gold dump yesterday morning put a kabash on the charts showing to high of a rebound.  Gold closed at 1199.80, as the big banks refused to allow a close above 1200, as the weekly chart approached 1216 before 10,000 futures contracts were dumped in one minute, a $1.2 Billion trade to kill the run-up.
![](https://cdn.steemitimages.com/DQmXxbvHBWqsQvEDC4tkTYbqa9ZFofLZKKBPBPtzeyx8T1u/image.png)

The S&P500 and DOW posted all-time record highs this week, the NASDAQ did not join the party and showed selling pressure through-out the week.
![](https://cdn.steemitimages.com/DQmULJTcTPF2bnrRoo7Szi9rdtxZWbwXRku7nuCTQRPNECr/image.png)

Crypto closed the week on the positive note as some of the alt-token caught a bid at the end of the week, as BTC dominance has dropped to 51.7% and a total marketcap at 224 Billion.  If we look at weekly chart, BTC is in a range and will eventually form a wedge pattern.  Which way will it break, nobody knows with 6000 starting to form a lower resistance area.

![](https://cdn.steemitimages.com/DQmSMkz26Ci8hqQ6wiqak7C7Mpbehusy3TfRWBCWL527jrS/image.png)
![](https://cdn.steemitimages.com/DQme2GhYWCoJMxsTLrXdvuLRnKUVwkYFaNbyqtJDDWdmGUd/image.png)

Keep stacking. Go get you some.

![](https://cdn.steemitimages.com/DQmSm3shJ3CkFAUZ9K6k3guDBiNvM7UThcYtzqLv1u5ybHC/image.png)

Thanks for following @RollingThunder
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created2018-09-22 09:36:15
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