NVDA is making higher lows and a large bottoming pattern has been formed. I target a re-test of previous highs.
Sentiment is about to get cleared out in wheat and someone has accumulated along the way. The pattern has been choppy, corrective downwards. A warm summer has yielded good crops. However, we're approaching autumn and a new season must be planned. The market start to look ahead and worry about the winter that is to come. The big question for everyone is always:...
in 1858 the Fredonia Gas Light Company was founded. Now, 161 years later I am long NatGas.
I think market will start reverse on Monday after printing a low.
Gold has not completed its pattern yet. Its only a time question. But as they say: "Timing is everything".
Refer to chart for my outlook for the coming two weeks. I have uptrend till Aug 7-9. Most likely a last low will be printed on Monday.
Tesla is forming an IHS. Tesla is really hated. Especially among fundamentalists. They see that the numbers doesnt add up. However, these shares doesnt grow on fundamentals, they grow on vision and hope.
Price and time together. After the pivot 6/8 next will be a low 12/8, then a high 17/8.
My opinion is that market will rally on GDP numbers whatever: If they are bullish, it will rally because the economy is doing so good. If they are bearish, it will rally because FED is more likely to cut rates. After the final wave up is complete at the projected high 29th ish, then there will be some "jawboning" into the Fed-meeting on Wednesday 31st, so I think...