SPY - Rate of Change..room to rise
Take a look at the line I drew at the top indicator. Notice the recent rise is going towards that line as in the past you will notice it acted as resistence and support.
Market should take an aim at ATH and some is my take on this. Watch this play
The war against the Dollar
And it just getting started.
Dollar broke a HEAVY multi-year support. With it Silver and Gold rose and will rise to astronomical numbers. As witnessed the past weeks, I strongly believe this continues throughout this year.
Check out the top indicator. ROC (Rate of Change) it just started to go down and notice in the past everytime...
Long AGQ - Huge breakout on Silver. This follows crypto and equities. Except silver is gaining so much more, it's about to break monthly wave bearishness, and it broke oput of a huge resistance line, which explains the MASSIVE increase in volume on the upside.
AGQ is x2 or x3 leverage of silver, so be mindful how much you go long.
I expect this to rise close to...
This is the channel I have identified all along since March reversal. I have bought every dip and called it in my ideas. This upside still has new highs to make.
Buying everydip since March had been a Win.
Nasdaq Pattern - Identified.
I have used the ROC and used it's shift color to mark the dips, which offered my favorable buys. The market has maintained this pattern.
Given that, if you look at where we are at now. We are abnout to break out up (As history showed). I'm still long the market and have maintained hold of my shares in QQQ.
I was awaiting for a breakage on this huge resistance line, Finally it broke and then what did I noticed? Chat and news all of a sudden turning bearish a bit.
Yup smart money got in and the volume confirmed. I'm going with them, Added at 330 I expect high 300's this weekend.
American Airlines just Broke off its channel on FOMC release. Adding some here.
I see volume picking up including the FOMC keeping their buys intact. Market bounces with here along with the most distressed stocks
Quite buillish still, this time it rises over a long resistance line channel.
This is going to burn many shorts. The short interest is surpriosingly still high with many jumping on this on the Riot news.
This is the same thing that happend with Oil except in reverse.
Even with the bearish news of US Riots. Market continues up, this is trying to make money off the short term. I also expect it to go up due to the influx of shorters.
More money to be made going long