chartwatchers

We are printing a flag here with an especially low volume on the last 2 days... Sometimes next week it's going to break down. I was watching the chart today and noticed that on the 27th of February GDXJ lost all of its chance of going higher and printing a powerful intermediate cycle. It broke below the 100 EMA on high volume on that day. On the 15th of March it ...

Bulls took the bait nicely. The story is always the same : small traders are fed as they are chasing the price before the big correction. Big players and banks are positioning in miners shorts and gold shorts. The small traders are concentrating on a trendline breakout which died out. It's true we broke the trendline and that could be the beginning of a run higher ...

I think this one is going to produce the biggest gains in the next month. The 200% is almost guaranteed, but even the 300% is not impossible. We are going to have the 2nd biggest volume in JDST history today. Big players were buying. I love to buy with them.

If gold is going down after a half year rally. What do you think the junior miners will do? Yes they are going to fall too. After an unsuccessful break above the 200 SMA it tried to tag it but couldn't even rise to the 200 SMA. And today we are turning down sharply . I have to note that this cycle in the junior miners was extremely weak. Even weaker than the ...

GDX short for the brave ones. A good chance for 100% in 3 weeks.

If gold is going down after a half year rally. What do you think miners will do? Yes they are going to fall too. After an unsuccessful break above the 200 SMA and tagging it again we are turning down sharply . I have to note that this cycle in the miners was pretty weak. So the question is not the decline. The question is how far it can go? Will it stop at the ...

After the weekly key reversal and a follow through here is our trendline break on the daily chart. I'm making the call : the energy sector has bottomed. Oil has bottomed on the 5th of May and it's just coming out of a severe half cycle low . ERX/XLE bottomed a few days ago on the 7th of June. We are above not just the 10 but also the 20 EMA and right now ...

Just a short summary what happened last week and what I'm waiting before the FOMC... In the smaller time frame we had a triangle pattern which broke out. The target price counted from the pattern was at 1286$. The price was not just completed but we break above the target price... and had built a bear trap above the blue trendline. On the other hand we had a ...

Finally we have a reversal candlestick on the weekly chart in XLE. It's not just a simple reversal candle but a key reversal. Those who follow me for a while know that this is one of my favourite candlestick especially on the weekly charts. The daily key reversal is also very good. But the weekly is rare one and almost always followed by big follow through candles ...

I was sure we will have a false breakout. Just the timing was a bit early. Now we have the false breakout of the triangle. We had 2 days of decline, the MACD is turning down, the RSI is heading to oversold too. It looks like a test back of the triangle trendline. But I think the testback will continue as a break back into the triangle very soon. As we tagged the ...

EurUsd has broken to new highs last week. We are still at the new highs but there is no follow through. I think we're just waiting for some news to start the correction. Today's candle is a hanging man. We had a significant sell-off near the market open, but buyers were able to push price back up so that it closed near to the opening price. This could be an early ...

Finally I think the dollar is ready to bounce again. Today we printed a daily swing with divergence in most of the indicators I'm watching. MACD, TSI, RSI is printing bullish divergence. While my old megaphone top idea is working quite well I'm waiting for a powerful bounce in DXY in the following weeks. The target is the 200 SMA (99.4-99.5) this level is also the ...

If price stays here by the US close I will try a long entry. Today we took out Friday's daily high. It's not a daily daily swing yet, but we should be close to a bottom. If the daily cycle low is in the decline was not so severe as the previous scary DCL... The SlowStoch crossed over in the oversold territory, also the RSI is just leaving oversold... They might ...

I think this is starting now finally. I launch this idea based on the previous GDX short idea. I don't want to chart too deep in DUST as it is 3x ETF.... But you have to know my target in DUST is around 60$ in the following 5 weeks...

I wanted to wait for the close with this idea... Miners doens't look healthy to me . We are printing lower lows and lower highs. This intermediate cycle was a clear downtrend so when we finish this cycle the end will be nasty. I think we will test back at least the december lows in the following 1-1,5 months. Today we were not able to close the gap ... I think ...

There are 4 types of traders at this market: the OPEC members, the banks, the moneymakers and the outfreakers. The first 2 is already reserved so you can choose from the last two. The OPEC members are always on the right side of the boat. The banks are 80% in the good direction. The moneymakers have 65% . And the freakouters are losing money in 90% of their ...

False breakout of the triangle. That's what I think is coming now. I warned you below the last post that we are too late in this 5 months rally and getting too late in this daily cycle. We wasted so much time in the last 5 days going nowhere that I simply don't see any chance of running to new highs (above 1300$). The GDP was extremely good: U.S. 1st-quarter GDP ...

I know it looks like never want to break to the upside.... But at the end of a day it will. I see a head & shoulders pattern under construction. I have corrected the trendline : on the 18th of May we had a trendline back test. Our key level is: 68.88$ . Once we slice through that level we will be sitting on one of the biggest bull train of this year. Patience. Our ...