Price to Book ratio Cup & Handle formation might be telling just that...
Market is in secular Bull, up trend intact in all time frames, daily, weekly, monthly, quarterly!
we are bearish long term GOLD. But there might be a good long opportunity here. Important to not let it go much the other way, as primary trend is DOWN.
Looking to short above 1950 Tp1 : 1480 Tp2: 1315
spy brokeout from the megaphone... a failure to keep going higher and return to the pattern brings a target of at least 300. Neutral at the moment.
looking for a sharp pullback in spy/spx before full rally mode comes back...
No positions at the moment, tactical shorts with precise entries preferred!
A possible inverted H&S forming on $spx, with adaptive ATR having turned green and positive NYSE $TICK divergence on the recent lows!
ETH bull bear line is (has been for years) 365...
we're favoring a return to highs as of now. this gets confirmed within a couple more daily closes above 2810. invalidates completely below 2720. a double top would bring us a target of SPX 1000. 3400-2200= 1200 --- 2200 - 1200 = 1000 we have many reasons to assume such a target is not only possible but likely. if we get a higher or a lower high then no...
gold resistance at 1800 and potential cup & handle
Three Drives Simmetry Targets Roughly SPX 1000 in a couple of weeks. Followed by a bounce to somewhere between 2300/2500 (2500 being the 0.618 retrace of the move from 3397 to 1000).
eth/usd looks like it has one last leg up before more sell arrives. long now, carefully, short around 330/360
I really doubt you'll still get a chance to short the upper side of the flag... imo anywhere near 2900 is fair game with stop ABOVE/Outside the flag. not trading advise. dyo dd.
i tend bull, but beware of the strong possibility of revisiting the lows during RTH. trade safe