MQP INFINITE REGRESSION INTERMEDIATE #007-1, 6-HOUR BARS
SUMMARY - Getting closer to to bull thesis outcome, but not quite yet. If bull thesis is true for this December, it will look like this.
DETAILS - All the lines are price regressions. Blue vertical bars are FOMC, gray are ADP, black are NFP, red are CPI, and of course, yellow are new moon dates for November and December. Current odds strongly favor one more low. Number-crunching say 1700-1710 from 11/22 to 12/02 as it stands right now. I will say that we are about 3 weeks out from confirming this move (by 11/04).
SO? - If you really want to get short, wait until 11/02. If you want to get long, wait until November 30th.
DETAILS - All the lines are price regressions. Blue vertical bars are FOMC, gray are ADP, black are NFP, red are CPI, and of course, yellow are new moon dates for November and December. Current odds strongly favor one more low. Number-crunching say 1700-1710 from 11/22 to 12/02 as it stands right now. I will say that we are about 3 weeks out from confirming this move (by 11/04).
SO? - If you really want to get short, wait until 11/02. If you want to get long, wait until November 30th.
Comment:
BTW - The last blue vertical line is FOMC on 12/15. Gold should be 1830-1850 zone from 12/13 to 12/15. After FOMC, gold will go to 1950-1970 by 12/31.
Comment:
BTW2 - The caveat here is that price hold 1780-1815 from here to 11/03.
