MQP - AVERAGE OF EVERYTHING PART 2
HEADER - This is a "re-averaging" of "AVERAGE OF EVERYTHING" from 2/28.
BACKGROUND MEDIUM TERM - Overall pattern is still "RUMORS OF A PIVOT PART 3-6" from 11/11/22:
BACKGROUND SHORT TERM - Overall pattern is "AVERAGE OF EVERYTHING" from 2/28/23:
SUMMARY - What now? I am not going to give you fundamental excuses like SVB was a surprise, Fed liquidity, blah blah, etc... I saw the spike this last week coming, but did not have time to number crunch what that would mean. Basically, the two charts above are outlines of what price is doing.
DETAILS - This post is fully updated re-averaging of 2/28 chart. There are two trades here. First one is short 4-5 to 4-20. We will deal with 5/20 long should that fill out.
BACKGROUND MEDIUM TERM - Overall pattern is still "RUMORS OF A PIVOT PART 3-6" from 11/11/22:
BACKGROUND SHORT TERM - Overall pattern is "AVERAGE OF EVERYTHING" from 2/28/23:
SUMMARY - What now? I am not going to give you fundamental excuses like SVB was a surprise, Fed liquidity, blah blah, etc... I saw the spike this last week coming, but did not have time to number crunch what that would mean. Basically, the two charts above are outlines of what price is doing.
DETAILS - This post is fully updated re-averaging of 2/28 chart. There are two trades here. First one is short 4-5 to 4-20. We will deal with 5/20 long should that fill out.
Comment:
NOTES 2 - SILVER VERY EARLY DRAFT
a) for chart above
b) silver chart is VERY DIFFICULT TO FIGURE OUT
c) w/ all that said, SILVER SHOULD MAKE A HIGHER LOW IN SECOND HALF OV MAY
d) while GOLD SHOULD MAKE A LOWER LOW
e) this has evaded me for sometime, but silver chart is FINALLY CATCHING UP
b) silver chart is VERY DIFFICULT TO FIGURE OUT
c) w/ all that said, SILVER SHOULD MAKE A HIGHER LOW IN SECOND HALF OV MAY
d) while GOLD SHOULD MAKE A LOWER LOW
e) this has evaded me for sometime, but silver chart is FINALLY CATCHING UP
Comment:
NOTES 3 - UNDERDOG OPPOSITE ROUTE:
a) is the gray route with orange boxes
b) very unlikely, considering all circumstances
c) so I am not posting it as a separate idea
b) very unlikely, considering all circumstances
c) so I am not posting it as a separate idea
Comment:
NOTES 4 - So I posted it as PART 3, just in case.
a) the immediate setup favors bulls
b) immediate as in 36-48 hours
c) will add notes in PART 3 if I have time
a) the immediate setup favors bulls
b) immediate as in 36-48 hours
c) will add notes in PART 3 if I have time
Related Ideas
a) consider the chart from 2/14
f) so it's doing the reverse route, which I brought up on 2/27 here:
h) so the math from my end says that route is in
i) why then did I say on 3/7 that this route was disappearing?
j) because at that time, it was disappearing
k) how do we know it won't reverse to the other route?
l) we do not "know" because it's unknowable, BUT
m) if price follow hilight in this post through 4 boxes to the #1 marker,
n) this is 144-day perfect short regression setup with...
o) the bollingers showing a $170 move in 11 trading days and specifically...
p) dates are 04/06-to 04/20