Bullish or Bearish? #SPY, #US500
Holding the channel & wating for price action. Up to 1700 Level.
S&P on critical levels. (Diagonal) PullBack to baseline. (green boxes) Addedd short positions at the top (Red box) and waiting for price action.
Patterns and channels begin to form. We will have to follow the map for the following week and take advantage of the swings.
#SP500, #SPX, $ES, $SPY. Update: First Target reached! Rebound (Short term) to 2550 Zone. Then downtrend to 2350.
Waiting for price action. Long & forming upside channel.
Long Entry GOLD. Forming an upside channel. Key level Zone
SPX to 2,350 level. Selloff & Downtrend continuation.
Pullback to 1575 Zone then next leg up.
Uptrend on Gold & uptrend on Safe Haven assets.
Defensive Stocks for Coronavirus outbreak.
GDX. Bear trap? Seems like we are ready for the next Leg up. On RSI we have divergence and the price still holding on Fib .50 and .62 retracement. We can expect bull reaction and the next week we wiil see the earnings reports of GOLD (Barrick). Now, adding long positions on GDX, NUGT. Also, Silver´s price is close to "Golden cross" on weekly chart.
Entry on 28.30 and 28.15. Regards!
Great moment for Gold Miners and precious metals. Excellent entry on 28.20. Now second wave, directly to 30 Level.
Higher highs and higher lows on GOLD. Next Target: 1580. Possible correction on DXY to 96 level, driving safe heavens and precious metals up.
Retest to 1540, (Buy Zone) then up to 1570 Zone. DXY in bearish momentum.