Fractal777

Fractal777

Thank you for taking the time to read my idea, your support is appreciated. Just a quick idea. The Dow futures have gapped up to our major resistance line. A total turnaround from yesterdays shoothing star candle. Whipsaw market....there was indication of this two days ago in a breakout. This is decision time and I will fade this move!

Fractal777

Thank you for taking the time to read my idea, your support is appreciated. Smash and grab trades are not for the faint hearted. Going long on a signal proved risky. The Nasdaq is the bellwether of things to come now. Finally, today saw a shift in mood for the big boys. We need follow through for this down move today...it will come. There is now an extreme...

Fractal777

Thank you for taking the time to read my idea, your support is appreciated. Markets ignore bearish fundamentals and negative divergences. Either stand aside or enter long. I am well aware of the perma bear camp and I choose profit instead of stubborn pride. Look closely and we see a violation of our trend line on the 1hr...that's the first indication. A move up...

Fractal777

Thank you for taking the time to read my idea, your support is appreciated. The Dow has basically gone sideways now for four weeks. Possible pennant pattern in play on the 4hr. Have you noticed on weak days and futures being weak, either the Fed or some other news just appears to save the day? A claimed "death reduction" is no cure for all the millions of...

Fractal777

Thank you for taking the time to read my idea, your support is appreciated. Precious metals have commenced another leg up. Silver gave us some moments as it skirted the trend line. This reinforces the upward move and high probability breakout. The most undervalued asset on earth deserves attention. Trillions upon trillions of declining paper will be created in...

Fractal777

Thank you for taking the time to read my idea, your support is appreciated. We broke the thick red line last Friday but failed to follow through. A "relief" gap and bounce today as traders cover their shorts. The red line with denoted arrow is major resistance. Monitor this line carefully and watch the behaviour of price action. 26400 ish is resistance...any...

Fractal777

Thank you for taking the time to read my idea, your support is appreciated. Silver broke out as we expected but pulled back a bit harder than expected. Sometimes weak hands are tested by the big boys. This gave the bulls who missed the entry a chance to enter. The upward trendline is holding as is the breakout trend line. We have clear indication if the uptrend...

Fractal777

Thank you for taking the time to read my idea, your support is appreciated! Markets closed higher as expected. We mentioned in the last idea to watch for a kiss back and fade it. This did not disappoint...the major, red uptrend line is very important. It's a resistance line now without doubt. Today finished well off the highs as risk is elevated to hold over the...

Fractal777

Markets just had to rise as tradition expects this week. Expect a kiss back to underneath the red line. The breakout and close above the the down trend line was my signal to take short profits. Another short opportunity will present itself. Watch the red line to fade it. We sell the rallies now.

Fractal777

Thank you for taking the time to read my idea, I appreciate your support. Silver blasted through the resistance line on the 4hr as expected. Stock markets will hold off any plunge until after the holiday...supporting silver. Minor wave 5 up within wave 3 up is here! Wave 5's in precious metals are powerful. Moving past $19 will ignite this market. My initial...

Fractal777

Thank you for taking the time to read my idea. Silver is rapidly approaching it's decision time. A clear break either way with a solid 4h candle close, should decide it. My bias is towards an upside move....but we MUST be patient. The markets are heading south, a crisis is likely. Silver may again be dumped like March as margin calls explode. Although my...

Fractal777

Thank you for taking the time to read my idea. Today we have the ultimate short setup and huge potential. Yesterday we spoke about waiting for a close below the red line for confirmation. This is as clear as a bell to enter as you get...your stop is a close above todays high. High probability of follow through action. The coming plunges will be very violent like...

Fractal777

Thank you for taking the time to read my idea. The markets decide their not ready to roll over again as the uptrend line holds. This red line is critical to the near future...any solid close below it, is a resumption. We currently have minor wave c up and my last position was closed out early Monday. Social mood, courtesy of the media are turning negative again...

Fractal777

Fridays action continued the bearish slide. Note the fake out move which did not close above the line. This failure caused an immediate reaction to sell the rally. Lower highs and lows point south until invalidated. This setup is classic in that your objectives to exit are clear...the trend is your friend. Market closed on it's low with rising volume....this is...

Fractal777

Violent rallies and plunges characterise a bear market. A clear five waves up were met with heavy selling and followed by buying. Market may have completed its ABC counter move. Not much more in this tank. Taking additional short position. Whatever is waiting...it's big.

Fractal777

Buy the dip is alive again as the Fed announces another support program. Creating the illusion that they are "keeping you safe". Can be punishing rallies...looks to be 5 waves down complete....an ABC rally towards 26K 26400? The optimum period is coming...

Fractal777

Sometimes perfection is needed before reality strikes. Sunday past I warned of a Red Flag situation as disbelief that a depression is coming. Yesterdays mauling was exceptional and brutal...a violent plunge. Extreme negative breath is your key to what's unfolding. The ABC is over and major Wave C down is upon us. This wave WILL be a crashing decline below the...

Fractal777

The market is very overbought and believed, but it ignores reality. Bears were mauled again on Friday and the wedge was blown up by the shorts. Many are calling ATH for these markets and this could happen. Often, capitulation is met with a turn or very close. Fridays high was met with selling, let's see whats next. Disbelief that a depression is coming will be...