Gold broke the downtrend that has been in play since August 7, 2020 on May 17, 2021. Please see the down trendline drawn from August 17, 2020 peak to January 6, 2021 peak indicating to us that the down trend is over, and any pull back should be a buying opportunity in our opinion. Our strategy is to wait for a pull back to around 1,850 zone for new longs. At...
GME broke the trendline that was drawn from Jan 28, 2021 to Mar 10, 2021 highs on May 25. Market found resistance at 268 area and started to pull on Friday. Our strategy, we will wait for price to drop to the break-out zone between 189.20 to 169.36 area. If that support hold, GME should make a move towards 280 to 345 zone.
Bitcoin tested 30,000 zone and bounced to 41,000 area before pulling back down to 35,000 zone at end of the week. We believe a lot of damage has been done the chart, and it will take some time for the bottoming process to play out. Our strategy is to buy between 30,000 and 28,800 as long that support level holds. A weekly close below 28,800 we will cut our losses...
The NQ weekly found support at the bottom trendline and started to move higher. Our internal models indicated with 70% probability lows were in for the time being, and market should make new highs over the coming weeks and months. Our price target for SPX 4,300 to 4,500 and 15,000 for NQ. A weekly close below 12,915 we will cut our losses.
