The German DAX 30 has is soon reaching a decision point in its correction. It closed up half up Thursday at half a percent before drying up friday with a small +0.03% gain. After it’s the completion of the inverse head & shoulders pattern, I believe we can now see a completed Bear Flag Pattern coupled with a double top. Analyst believes the positive news of...
The S&P 500’s movement stayed consistent forming a Spinning Top pattern on both last Friday, and the same pattern for the week. We saw Friday sell off a full -1.00% before rallying to close at only -0.37% at $2,966.20. The week committed to the same action, as it moved up +¾ of a percent then down -1.48% to close at only -0.69%. This movement showed indecision and...
Despite the volatility in Crude Oil created by the attack on Saudi Arabian oil processing plants and some geopolitical tension with the US talking “war” in the media, the price has moved to our expected touchpoint. Oil saw a spike just a tad bit below $55 (down to $54.85) before a pull back on the close of the week. The week saw a -3.88% decline pressing again...
Gold saw a negative week altogether, closing down to -1.5% due to a risk-off the market, as positive US political news coupled with positive trade war talks. We saw Gold close below $1,500 for the second time in the last 3 weeks (marked by the yellow arrow). Price closing down at $1,497.20 along with a +1.4% rally to only then fail, showed us that the market has a...
From unclarity to a glimpse of hope on the trade war front investors and traders sell off their holdings in Gold for risk-on investments. We saw Gold close down almost a whole percent (-0.94%) for the week, the second in a row. Friday a slight pop up in Gold (+0.66%) and then closed off the day down -10.5 points, solidifying the continuation. From a technical...