MQP 17D MOMENTUM TRAP DRAFT 2
HEADER - This replaces 17A, B, & C. This is the most accurate so far. Needs more work.
SUMMARY - Maybe it's the Treasury and the FED withdrawing liquidity. Whatever the reasons are, this is now 51% vs field and rising quickly.
DETAILS - Short on time, see links for previous 4 posts for background. There are 2 routes now, both lead to 1740 in mid to late May. Will post more details prior to 5/4.
SUMMARY - Maybe it's the Treasury and the FED withdrawing liquidity. Whatever the reasons are, this is now 51% vs field and rising quickly.
DETAILS - Short on time, see links for previous 4 posts for background. There are 2 routes now, both lead to 1740 in mid to late May. Will post more details prior to 5/4.
Comment:
IMPORTANT!!
1. If gold moves to 1950 BEFORE end of this Friday 4/29, and immediately reverses, like dropping back to 1900 in 12-16 hours AFTER THE HIGH...
2. then that's actuallly most bearish case scenario because the momentum reversal vortex would take it to 1740 BY END OF 5/5... (this is actually good for bulls overall)
3. in anycase, 1740, or maybe 1720 would be a strong floor
4. in (2.) that would be good for bulls overall BECAUSE THE DOUBLE REVERSE VORTEX WOULD BRING GOLD TO 2070 BY 5//20,
5. I know this sounds silly, but THIS IS ALL 100% LEGIT
1. If gold moves to 1950 BEFORE end of this Friday 4/29, and immediately reverses, like dropping back to 1900 in 12-16 hours AFTER THE HIGH...
2. then that's actuallly most bearish case scenario because the momentum reversal vortex would take it to 1740 BY END OF 5/5... (this is actually good for bulls overall)
3. in anycase, 1740, or maybe 1720 would be a strong floor
4. in (2.) that would be good for bulls overall BECAUSE THE DOUBLE REVERSE VORTEX WOULD BRING GOLD TO 2070 BY 5//20,
5. I know this sounds silly, but THIS IS ALL 100% LEGIT
Comment:
HERE IS 17E!!
Comment:
11:52 PM ET WED
1. This can go straight to 1850 tomorrow.
2. Just on pure momentum.
3. There's just no break in the selling right now, so that's the most likely next move as it stands this hour.
4. All for now.
1. This can go straight to 1850 tomorrow.
2. Just on pure momentum.
3. There's just no break in the selling right now, so that's the most likely next move as it stands this hour.
4. All for now.
1. the two cirlcles are just trend change markers as reminders for me
2. if gold intends to break the trap, it needs to do so BEFORE FOMC by rising above 1910, preferably 1920 and hold 36-48 hours
3. that would eliminate 1700s outcome and reduce odds for but does not eliminate 1820-1850 outcome