Gold has made a clear failed cycle, indicating lower prices.
We've had a rally up to recent highs, printing a triple top and everyone are long because of "corona fundamentals".
What fundamentals is that? On the corona outbreak, gold plummeted. That's your protection right there for lower prices!
Im expecting a 5 move down sequence to begin with.
Chart is mostly...
Without a careful study of the US10Y, sometimes traders need to take shortcuts.
"What looks right".
There was a massive rundown in yields. Current structure looks corrective to me. And there is time and space for price (yield) to move lower.
BORR drilling.. Has only about 50 % debt to equity ratio as of 4Q19 and several of its rigs on contracts. Combine that with rebound in oil to take place into first part of 2021 and we have a good thing going.
What is it?
I don't know. Except that it is likely that it is going into a dive.
What you don't do is to be long anything that has a chance to find its monthly bottom, and bitcoin is in that region of time. Between Jan 18 to Jan 23 Bitcoin is likely to make a pivot high then dive downwards. If I was a bitcoin bull, even I would stay out of the market...
Tesla is entering into a zone where sellers may soon come out of the woodworks.
The time period between 09/01 and 14/01 is plagued by a bit of uncertainty. My main outlook is that it tops 14/01 at the indicated price level. The safest is to wait till 14th and take a short position then if price is approx at indicated level. If it tops at 09/01, just wait for 29/01...