The yearly DXY chart shows that the 2 to 3 year target is 130 on the index.
We see a one of the cleanest looking cup and handle pattern chart formations.
There is a tradeable void all the way up to 120. This means the dollar will trade quite fast into 120. 120 could be time for pause.
This 1 to 3 year move could potentially crush metals and commodities...
I see at least a possibility that bitcoin has now embarked on a new steep uptrend line similar to the time frame of March 2013.
There are points of evidence that the current price action will continue in classic uptrend style price action that is persistent and pushing higher consitently and then evolving into runaway price action.
The bear market of first half...
This might seem a bit farfetched but over the years I have learned to keep an open mind. So far gold price has only done a .382 retracement. The current yearly bar getting close to 6 months into the year and the bar is NOT expanding upwards and now it is turning down again...
850 seems like an extreme target, but the gold market is known for making extreme moves.
Harmonic bullish bat pattern in uranium price recently.
Plus 10 year GANN cycle completed on June 30, 2017 exactly 10 years from the previous peak at June 30, 2007.
So a harmonic bullish BAT pattern and a 10 year GANN (the greatest trader who ever lived ) cycle on June 30th ? I will take those odds any day.
I am no expert in GANN, but these confluence of...
I love K.I.S.S charts (keep it simple stupid).
Why? Because they help clear all the mud out of a chart and the over analysis. Analysis is great and I love it when it comes to charts and technical analysis. However, too much analysis is sometimes too confusing and cloudy. Ultimately we want clarity as much as possible.
For me clarity comes from the long...
Sometimes harmonic patterns pinpoint the end of downtrends or uptrends in stocks. There is a bullish gartley pattern in GEVO and a bullish Bat pattern. There is a harmonic support in the 2.0 range. Watch for strength from that zone to get clues on if this pattern is giving the correct signal.
Silver Gold ratio is near bear market lows/bottom.
This is the Monthly chart and a double bottom and higher low was recently seen on the ratio with a monthly hammer candlestick.
We may be pretty close to a final low bottom in the silver and gold. Gold may swing down one more time to near 1000, however miners may hold up better.
This low in the metals seems to...
Look for a huge upside move in the VXX during the next 10 trading days. The largest portion of the move is likely to occur during the last few days of the run.
VXX for a very long time has almost been a guaranteed short downtrend type position. But now it is time for a significant reversal to the upside that will surprise.
This forecast for 27 may be...
SPY is moving into a highly volatile bearish phase that so far has disguised itself as a calm normal sideways trading range. This range will not remain sideways forever and my take is that we are at the juncture right now that the downside will be engaged.
HUGE volatility about to hit the market, caution advised.
There is a bearish gartley pattern in the SPY. This pattern is also seen in the well diversified NYSE index. This particular pattern gave a clue it might work with the 2 candlestick dojis at the D point of the pattern.
The sign of weakness today seems to confirm that this pattern is working and could lead to heavy selling going into next week.
Note that a...
Volatility is so BEATEN down, one has to think that some type of a dead cat bounce to the upside is in order. This bullish crab pattern could be hinting that this will be the case as June progresses and Greece falls down the rabbit hole...
DUST looks to be in trend mode with a near term target 22 with outside chance of 28. The gold price is about to fall down the rabbit hole and likely take the miners with it. Is gold oversold? yes, but bearish long term trend remains.
This could be the finale that leads to the final washout low in gold.
So in the meantime scalp opportunities in DUST seem wise.
VIX setting up for a monthly northward breakout. This could be the third time this type of move occurs in the last 8 years.
Assuming 30 target is hit, expect some more base building before higher levels. However the VIX currently has plenty of cause to get a big run going.
There is a small bearish Gartley Fib Pattern in the DIA that could present itself as a very unique selling opportunity during the remainder of this week.
SOMETIMES very small bearish Gartley patterns nail very important final tops in markets and stocks.
However, important confirmation needs to present itself in the form of price candlestick signals assuming we...
During 2013 when GLD has been very close to or at the 30 level it has led to a bottom within 1 to 6 days.
During April and June it led to crash type action and extreme downside.
RSI below 30 is a warning sign that price action can accelerate rapidly and that a highly volatile spike bottom is coming soon (1 to 6 trading days ).