Scaling in for a short position. If it fails, cut immediately and move on. What're your thoughts?
Even though gold is holding 1810 level and still above the critical support at 1790-1795 at the moment, our swing model may indicate that the bullish swing from 1750 could come to an end if gold does not have 2 to 3 consecutive closing days above the 200-day moving average at 1825 level. Above 1825, gold will test 1837-1845. But if gold breaks 1790-1795, gold can...
ETH Daily SMA 50 has been rejecting price advance quite consistently. With this many rejections at/or around the 50, and a down-sloping trend line approaching , one has to think that the Bearish response to any price advance beyond the Daily SMA 50 illuminates the path of least resistance to the downside. Since the surge last Friday, any advance has been...
April Feeder Cattle continued its progression lower off the Gartley pattern and stayed under the 20 day moving average. Looking for next low of 123.425. A round top has formed suggesting further lows. Largest potential move to 38.2 retracement. March Corn rose today. Tomorrow might see Corn 360'6.