Auguraltrader

Auguraltrader

Technically, this is a classic pullback all set up... A strong rally to the upside based on vaccine elation supported by financials and sectors for "going back to Normal" followed by a Dark Cloud Cover candlestick pattern that was confirmed with a Gap Down. It is just above a range support, but breaking into the next Gap Down range (below the red line) would be...

Auguraltrader

Last weekend was warned of an imminent drop in Gold, which happened just on Black Friday. The weekly gold chart suggests that price is lagging its indicators as MACD is cutting down into bearish territory fast Price Strength is similarly pushing down with momentum Some net buying from Non-Commercials (orange line) More net selling from the Top8 traders Having...

Auguraltrader

Yesterday was Black Friday, and gold turned down a little more significantly, dropping from 1810 to 1775 within 15 mins. This break down was previously anticipated, following a short consolidation just after a significant move to 1800. Technicals support further breakdown, with MACD and Relative Price Strength accelerating. Projections put Gold at 1750 early a...

Auguraltrader Updated 

And we may see 1600 for Gold (GC1!) if 1800 does not hold. Gold had been stalling and consolidating, wondering what to do over the past three weeks. Had projected earlier that it is on the way down to 1800, and then as far down as 1600. Even earlier, mid-August was the targeted date for a Gold top and that was done... so now, with technicals supporting the...

Auguraltrader Updated 

Given my previous analyses, Gold kept to the mid-August high, attempted a breakout of the triangle and fell back in... which is bearish by nature telling of an exit point at the other (down) side. Since the media called the results of the US elections, the USD had been in a volatile flux, and so is Gold, albeit consolidating in a range nonetheless. A close below...

Auguraltrader

As previously observed, analyzed and projected... GDX is going down hard. There is a current rotation ongoing, and GDX needs to retrace strongly, base out and rotate back in again. Wait for it...

Auguraltrader

XRPUSD... amazing run. Period. All technicals pretty much mean nothing for this one... It is way out of standard standard deviation magnitudes. Watch and learn. This is pretty much the most amazing alt coin, beating big bros Bitcoin and Ethereum.

Auguraltrader

The S&P500 appears to have come to a coiling point yet again. It has stalled since the shooting star formation, but did not capitulate into a breakdown... yet . The stall has a up trending support (red) line that appears nearing to be at risk of breakdown. MACD suggest a weak bounce to fall further as it is in the bear territory already. As does the Relative...

Auguraltrader

Appears from this chart that the USD futures is seeing a possible rise given the price action, the MACD crossover up and then relative price strength also crossing ap.... This is in line with an earlier observation of the volatility spiking.

Auguraltrader

VIX... the fear index, is showing a likely higher low, that is just about ripe to start inching up and then escalating quickly. The dropping VIX of late, only barely reached 21.50. The August low was 20.28, bouncing off mostly 21.50. The current status only sees bounces off 22.50. This suggests strongly of a higher low in the VIX, indicating that the volatility...

Auguraltrader

COVID-19 Confirmed cases for the USA, Great Britain, Germany, and China... Clearly the Western (world) major economies are having trouble handling the COVID-19 pandemic. Germany appears to be the most parabolic, then Great Britain is similar although not as steep. USA is not far off in the speed of spread. Opposing to that, China has been doing well, and numbers...

Auguraltrader

Just compiling a snapshot chart of the COVID-19 confirmed cases of US, SG, MY and ID. These charts are avail in TradingView and if you are worried about the situation getting better or worse, you can use the MACD to give an indication. Remember that these charts track the Confirmed cases, so the charts will only increase, else flatline. Here we see how SG has...

Auguraltrader

My personal list of forward indicators on the weekly charts show that there has been a breakout on ALL four, namely JNK, IWM, DJT and VALUG. The high yield bonds, small and mid caps, DJ Transport and Value Line all had a breakout this last week, suggesting a bullish breakout scenario. However, the breakouts appear a little odd to me as candlestick patterns on...

Auguraltrader

S&P500... Bull case Breakout of wedge with up close MACD turning up and crossed up Top 8 traders net positions (yellow line) are less net short Bear case Breakout with a shooting star type of candle Candle has long upper tail which is longer than body Relative price strength is weakening Non-commercial net positions are dropping, maybe offloading on...

Auguraltrader

Technically, Gold is setting up a series of lower highs and should be testing the recent lows soon. The breach below to close below the red support line of 1848 in the next two weeks should see Gold finally retracing decently. MACD should break down into the bearish territory, and the Relative price strength also turn negative. This premise appears supported with...

Auguraltrader

As highlighted and cautioned in the pre market hours, the parabolic spike due to the vaccine news release pulled back hard to form a shooting star candlestick pattern. This aligns itself with the falling TIPS bearish divergence, as also highlighted previously and linked. Playing out the candlestick pattern means it breaks another wedge pattern, equating to a...

Auguraltrader

The TIPS ETF, is the ETF for Treasury Inflation-Protected Securities (TIPS) has had a good correlation to the market indices as shown here in Orange (S&P500) and Cyan (NASDAQ). However, in the last few weeks, particularly the last week... market indices have been on a massive bull run, with parabola. Today, the icing on the cake was the announcement of a viable...

Auguraltrader

All bullish and well, until Pfizer announced a COVID-19 vaccine that works 90%... whatever that means (if you are a scientist, you would be wondering very hard)... and then all bulls broke loose. Heed warnings that I have seen, that 3680 is a projected resistance level. IF, and only IF, a rejection is given with a strong pullback to close the daily chart with a...