Silver is showing an attempted bottom this week off some important support levels. I am looking to get long between now and the end of this month and hold to September 1.
Seasonality ends for June somewhere around the FOMC statement with a slight pullback into the end of the month. This looks like a classic blowoff wave here and we may need to come back to test previous support. I predict that the buying frenzy into this FOMC statement in tech and banks was predicated on national reopenings as well as the seasonal effect in...
At 9:33 AM ET on Monday June 8, a 1 million Dark Pool block hit the tape. It was a big seller. Stock Blocks 📈 $NCLH 📊 1,082,352 😱 💵 25.01 💔 -0.51 | -2.04% Friday June 5 had previous block as well, this is big distribution. Stock Blocks 📈 $NCLH 📊 512,000 💵 22.10 💔 -0.21 | -0.95%
We had a massive dark pool block this morning and RIG is down 15% right away from the open. RIG and XOP seasonality show a steady decline after the June FOMC. This will not end well. Stock Blocks 📈 $RIG ‼️ #PreMarket 📊 5,742,200 😱 ⚫️ #DarkPool 💵 2.62 💔 -0.02 | -0.76%
We are approaching the average seasonal low bottom for May. I went into detail of my previous short from the FOMC APR 29 date. That short was 90% closed at the lows today as we struck the AB=CD targets for Russell 2000 and Dow Jones futures .
There is the potential for a nice selloff in MS (and $BAC) after busting a parallel channel. The banks have been hit during virus. On May 4 we received a rare 2 million single block trade on MS, which we have splashed and are testing now. We are dropping below. This is a very bearish signal for me. MAY 6 2020, 10:13 AM EDT VOL (K) | PRICE ($) | ...
We are getting many overbought readings after the "all in" moves of the treasury and #FED the last 2 days. Seasonality says we should expect a short here for 1-2 weeks, even more so during election years.
It is difficult to see the handle, but it there. I consider it an accelerated form of a handle given the crazy volume and price action during the virus outbreak. If 2009 - 2011 are any clue, then bonds should start dropping with interest rates and inflation expectations rising. This should boost gold. Remember that we have had some massive blocks over the previous...
It is difficult to see the handle, but it there. I consider it an accelerated form of a handle given the crazy volume and price action during the virus outbreak. If 2009 - 2011 are any clue, then bonds should start dropping with interest rates and inflation expectations rising. This should boost gold . Remember that we have had some massive blocks over the...
We have some major oversold readings yesterday and last night. I am predicting a bounce similar to FEB 2018. We tagged the Year CAM S3 target that I spoke of yesterday, and some other MAJOR targets as well for SPX500 futures.
We have finally struck the Year Camarilla S4 target. I believe now is the time to get back in long oil to the Year S3 near 55.00 or the 200 DMA, whichever comes first.
This latest coronavirus news cycle created a $30 gap up on gold just at the peak of the seasonal cycle. I believe gold and 30Y bonds have reached a crescendo and are due for a retracement. We hit the Year Camarilla pivot almost exactly at the top today. The retracement back to Year R3 is what the normal target should be after this kind of move.
Netflix had a massive daily candle today in the midst of selling in the rest of the markets. NFLX doesn't care about viruses. The Year Camarilla R3 pivot just happens to be on that gap which I like because that means it is a bigger price magnet.
It looks like there is a general market top forming. Dark pool selling has lasted for about 5 days and stopped today, indicating they are letting the positions ride down. AMZN looks week on higher time frames and I am predicting a drop to fill some gaps below.
We saw massive block trades today in Daily Edge Live at the upper red dark pool level. We had these blocks on Friday as well. Bearish. See attached TV idea below for additional reasons. Jan 21 📈 $SPY 📊 2,873,655 😱 ⚫️ #DarkPool 💵 332.14 Jan 14 📈 $TLT 📊 6,683,190 😱 💵 138.82
We are finally breaking this big wedge I have been monitoring for awhile. Last week we had a big $TLT print that was just huge. Jan 14 📈 $TLT 📊 6,683,190 😱 💵 138.82 We are well above that now and I think a big move is coming.
We got a live block trade today at about 9:34 AM EST. I am thinking of a short here as it looks like a buy capitulation is underway with the rest of the stock market after the #CHINA and #USMCA vote.
I expect a rejection in this parallel channel area for BTC. Target 1 is the 2019 low, then to the 78.6 FIB on the way down.