1. Price breaks the previous highs in the 1818 range
2. Price pulls back (ideally in a flaggish manner) to form a higher low than late November
3. Price breaks above the high formed at 1.
4,5,6. Price moves toward target levels. Look for levels to act as resistance from below and support from above.
Here selling would be a weak move, though it involves the sharp threat of 'everything back to normal' and 'the virus has gone'. The error is that Buyers are still protecting as the underlying infrastructure is weak, as long as confidence in the public sector dampens, buyers will continue blockading the $1,803 wall.
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I think we have a nice setup to buy the dip in Soybean futures or using $SOYB. It's a rather big contract, so keep that in mind if trading futures.
There's a long term trend signal active, for many more months still, so any dip is a buy if you're patient enough.
I highlight a trend that reached its peak in the daily timeframe here, so, a retracement entry is...
This chart shows the SPX/M2 and essentially paints a picture of the SPX when accounting for inflation.
All the "gains" made in the time following the 2008 crash, after factoring inflation in, simply put price or "value" back to where it peaked.
How interesting that the 2020 crash should occur at such a pivotal TA level, forming a near perfect sweep of highs...
Looks like we have a confirmed uptrend signal here, which is what I expected to happen since the market created a big support level indicating the smart money absorbed the last crash.
It's interesting that for most people, it borders on lunacy to be long risk ahead of the POTUS elections, but it seems to be the right thing to do. I suspect we will get a Trump...
Metals seem to holding recent support levels despite equities crashing from extreme overbought levels. If buyers choose to get back in here, the next target would be at the old JAN 2011 High level around 31.00.
As i broke down form the video Gold is at a key area of technical support and bottom channel where we could see price accumulate before potential move to the upside. Based also with vaccine optimism we could see a potential short term sell off as inflation keys in to push price father.
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PRELUDE NOTES: Bitcoin is currently $10,100 , and as of currently 9/8/2020 ... Most of the crypto and investment universe thinks Bitcoin is going to drop hard before it climbs up. That this $10,000 area won't hold. I was one of them. Everybody is calling for $9k or $8k and will completely miss their entry if they don't enter here within the next few days (maybe...
Silver is like that sleeping giant that is just beginning to awaken.
This is one of the possible paths silver can take. Look for silver to be one of the top performers in 2021 and beyond.
Have gone long Energy in last week via MPLX. Energy broke Hedgeye Trend mid November as product of Quad 2 environment. Energy performs well as Real Rates/Inflation increase, so offers a natural hedge. My broker (I'm in UK) won't allow me to get the wider Energy Complex exposure, so went long its largest constituent part MPLX (makes up ~15% of total factor). Very...
Have been long Thailand via this MSCI ETF for a month or so. Had an early win before started fading - thesis was based around falling USD and Thailand being Quad 2 in Q4 and into New Year. Has been a painful hold and missed an exit during October. Has rallied in recent days on strong volume (late November) as USD continues to struggle and performance of the EM...
Hello, in this special analysis, I want to make a counsel for you, for your family and your own life.
Firstly, look this chart. Bitcoin could become an unique federal currency that could to smash all fiduciary currency. So, that mean that the U.S. Dollar it's in warning. Why? Because as Federal Reserve print out more and...
Clearly we are getting less and less and less GDP growth for every new $ printed. Yet they call it "Stimulus".
While I am not against deficits, I am against excessive deficits that only manage to fuel asset price inflation .
Zombie companies are not supposed to exist in any economic book. Yet they do and are supported by the FED.
Bankrupt companies with cash flow...
On this chart, I increased, corrected the historical gold price with the US consumer price index (CPIAUCSL/260.33). Calculating the value of the past gold prices on the actual price level. (Inflation-adjusted gold price.)
The result is, the 2011 all-time high in the gold price, by approximately 1,911 USD, is 2,204 USD worth on the actual price level, today. And...
The crypto market has recently been talked about as a potential inflation hedge asset aside from the commonly accepted asset such as gold.
Several banks and payment gateways are starting to open to the crypto market too.
While I will be interested to acquire some bitcoin myself, now may not be the best timing.
Should price retrace back lower potentially towards...
Quick update:
-btc broke last yearly high
- btc is now overbought
- greed fear index is on extreme greed
- consolidation might come right now
Health is more important than wealth!
