I decided to clean up the chart add a bit of context. To my eye, it looks like we have a big move ahead. Is this month's Federal Reserve meeting the catalyst for either direction? In any event, every dip in gold and miners have been bought. Let's see if the trend holds.
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This is a follow up to the previous chart posted, also containing a previous days disclaimer as the information still applies(110-112 zone note).
Apple had a huge day today, but many analyst are calling for the market as whole to be heading back downwards, can Apple keep the steam?
Breaking out towards the upside out...
Due to a shortage of lumber, prices have skyrocketed. West Fraser Timber is a leading diversified wood products company, West Fraser is one of North America's largest lumber manufacturers with 45 facilities in British Columbia, Alberta, and the southern U.S.
• Testing the resistance at 3'393.50
• Upside trend intact (daily and weekly chart)
• Creation of a flag in June with a price target of 3’520
• If the index breaks through the resistance a further upside to 3’520 is expected
CHF/JPY looks like it could be providing a decent opportunity to enter long based on the current technical analysis and price action.
Price broke out from a weekly descending trend channel in Late-July suggesting that the downwards trend is coming to an end, at least in the short term.
With our overall bullish bias, price has also now broken from a daily...
After the breakout of the ascending triangle we moved up to the price target of the weekly chart
GC1 took a break at this level and moved some days in a slightly downward in a corridor
In the last two days GC1 broke out of this corridor and went back to the upward trendline
In my point of view GC1 is increasing further to the target price of USD 1’913.80...
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Remember: SPX has been leading BTC.
They're heavily correlated in recent price action, I'd keep an eye on that.
Can SPX keep this momentum up? Or will we crash? What's your thoughts?
VRCA has been tanking the last few days due to FDA Approval Delays
Has a history of bouncing around support and resistance levels around this price
Upside is around 80% if positive PR and price action takes place with the weeks
Low Float stock, can be volatile. (Enjoy the ride)
Crudeoil has exited its Initial Balance (IB) range with heavy volume . It is natural that the price would come back to re test the point of Open-drive (i.e. the range box). Expecting a continuity in the momentum of spike.
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