some things ive discovered taking a look at the silver chart/ indicators. dont know where we go from here to be honest.
most manipulated market current day but the chart still doesn't look terrible.
we'll see what happens.
all the moving averages and practically every other indicator are saying sell sell sell
most of the red flags are outlined on chart text.
the only other thing is, is that the fed basically said theyre gonna let bonds crash, or rather let interest rates go up, which is just a euphamism for letting the bonds crash.
goodbye bullas i have now joined the dark side once again
the dollar probably wont stop at 92 when the real crash begins, the entire world will flee into the dollar as the only safe haven asset that is still safe.
sleep now in the fire.
this is a little worrying considering im long everything pretty much right now, may have to start hedging soon.
sell it all if this gets confirmed. looks like it could get ugly here.
be careful guys this does not look good for bulls.
im not going to sell everything short yet, but historically, when the 55 and 200 weekly cross bullish on the 10 year - 2 year bond yeilds this signals a crash. of course we have been moving up since this cross, but the market is starting to look shaky here. this indicator certainly doesn't give me any confidence.
as shown on the chart, the last time these moving...
i, like many others got rekt trying to long the fake breakout on pltr today.
pulled out after we took out the last 4hr candle to the downside..
pattern is still overall very bullish and bears now owe me my money back so i will be re-enering this trade if we get a test of the bottom trendline, or if we get a 4hr close above the trendline.
big mistake not...