Last time I posted an SPX chart was the similarity of a fractal I was watching and it actually ended up working really nicely. We basically caught the exact top and it hit my targets.
Unfortunately it didnt bounce like before and it just kept going down due to overextended markets, coronavirus, bernie sanders etc etc etc whatever pick your narrative.
Heres the...
News/fundamental
The USTR says that the tariffs on some items, including “certain toys,” will be delayed until Dec. 15.
September is a key shipping month for those companies as they prepare for the holiday shopping season, when the majority of the industry’s business occurs.
Hasbro told CNBC earlier this month that it would have “no choice but to pass...
Fundamentals - GOLD and JPY are both assets used as safe heavens and therefore are strongly correlated. Lately, there has been a strong divergence when gold dipped. This could indicate that gold is underpriced. In addition, the shadow of a trade war and Trump's comments are worrying investors who are looking at tensions combined with a really high financial...
CYH seems a very good long setup. It had a wonderful rally since we first found it around $5.
Now it seems bouncing above the moving averages & getting ready for the second phase of run.
* Trade Criteria *
Date First Found- February 28, 2017
Pattern/Why- Fallen angel; Momentum Long
Entry Target Criteria- break above $9.83
Exit Target Criteria- 1st Target...
This is my forecast for the next month for Gold
Shorting the $1170-88 area, looking to TP at around $1065, then LONG from there! Let's see how this trade will manifest!
