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Thank you for taking the time to read my idea, your support is appreciated.
For the first time in four months, U.S unemployment claims soared 1.4M.
We all know the markets are fudged beyond dizziness but eventually the sheer weight of negative outcomes will overwhelm the bullish mania.
Again, we have a breakdown today and futures continue the move.
It would great to see proper follow through and a real breakdown to confirm the trend change, plus obvious bear behaviours.
A solid close below 26400 might just bring us a swift plunge later.
Gold and silver look to have topped for now and this could coincide with the markets trend down.
Long term, precious metals are the buy and hold for a significant period to come...expect gyrations or mini earthqualkes.
I stay short and will add positions as an update.
Have a great weekend!
For the first time in four months, U.S unemployment claims soared 1.4M.
We all know the markets are fudged beyond dizziness but eventually the sheer weight of negative outcomes will overwhelm the bullish mania.
Again, we have a breakdown today and futures continue the move.
It would great to see proper follow through and a real breakdown to confirm the trend change, plus obvious bear behaviours.
A solid close below 26400 might just bring us a swift plunge later.
Gold and silver look to have topped for now and this could coincide with the markets trend down.
Long term, precious metals are the buy and hold for a significant period to come...expect gyrations or mini earthqualkes.
I stay short and will add positions as an update.
Have a great weekend!
Comments
My style is to attempt at keeping the idea simple to view and read.
Many use indicators but I just use my eyes and trend lines etc....they work most of the time and get you profits, it's just up to the individual when to take the profit.
Money management is critical to your account and mind...NEVER over position size...hardest parts are when to close!
The US30 is defying gravity like all indices, am also watching thw NDX for a mother lode short right now.
Time and again the selling is reversed...my red up trend line is telling.
A few 4hr solid red candles might just snap this camels back and usher in a proper turn down.
Holding small short and will update to add if the markets show sincere evidence.
Enjoy your weekend!