Auguraltrader

Auguraltrader

Heads up... all supports and resistances are being broken. Very quick take... equities going down! other markets will follow suit accordingly.

Auguraltrader

Back to this set of chart overlay... So, it is where it isand the SG10Y Govt Bond yields are again rocketing. This is yet again to push the SPY further down. Combine this with the double top seen recently; probabilities stack up for more downside into November.

Auguraltrader Updated 

Previously mentioned that the supports are being broken. It gave way after an expected bounce. The dip that followed came with confirmation technical signals as well as a lower low… suggesting that there is downward momentum still. Saving grace lies with a pullback rally to end the previous week just above the support line. However, this appears to be futile, with...

Auguraltrader Updated 

Just noted that the combined equity index chart showed an interesting bullish setup. The downtrend has been a little stronger than (probably) warranted, and now a sign is showing a probably bounce off a support level. Support broke and the next day rebounded to recover. This formed the bullish Piercing Line Pattern and it reclaimed the support that was broken...

Auguraltrader Updated 

Previously, I said this would be a slow bleed to death… it is bleeding critically now. 32 support was eventually broken and every shred of bullishness GONE. Technicals are clearly bearish, and it’s NOT OVER. Expecting a bounce about 25 in the coming weeks (within Oct). Last stop to consolidate else it can pretty much halve from there, worst case. This was...

Auguraltrader

Quick update for a good friend… DQ as said previously had a downside target of 32. It’s slowly getting there, and surely too. But at this point, which the technicals are showing some beginning of a bullish divergence, I’d dare say that there is one more spike down below the orange line before it ends. Still possible for 32… And then if and when that happens,...

Auguraltrader

As previously posted, BEAR. The thing is, since the last post, the EWS (and other indices) made a sucker rally that pulled in the bulls. And a few weeks later, they burned. This time, the burn is shown by a failed breakout that is followed through the other side. Technical indicators are now in full support as cross downs are registered. Critical supports are...

Auguraltrader

This is the VXX (VIX ETN) and can be used as an indicative heads up to the equity market volatility. We are now at a rather unique point where the rubber band has been stretched so far, and at a point where you can just feel the tremor of it about to snap… The daily chart of the VXX has been falling over the months, and in recent weeks, there is a long term MACD...

Auguraltrader

Bear in mind that the most obvious is the clearest (pun not intended). The combined weekly charts stalled and reversed to breakdown hard and fast. Technical point to more downside, after a relief bounce due soon. This September already starts to look really bad for the equity markets. The daily support will be tested, and expected to eventually break. Then the...

Auguraltrader

Seldom you get to see my SPY chart, and the hand is shown here. A more detailed hand as the situation warrants a good understanding and effort to read too. Summary line is that there is a retracement in play, already if you had not noticed yet. Furthermore, this retracement should last to November. Good thing is that it is still possible to be shallow, although I...

Auguraltrader

The combined US indexes clearly broke out of the range decisively. Bullish now. So, by simple geometric projection, there is a potential 10% upside. Caveat is that the MACD and VolDiv are both weakening slightly. So, might have a retest of the resistance turned support, before the next launch. On the contrary, IF the resistance turned support is broken (down)...

Auguraltrader

Quick review... The combined charts appears to be giving a very clear heads up - with a candlestick sandwich ! Together with falling volumes, or in this case a falling VolDiv indicator, once the two red lines are broken, it is going way down, probably close to 600. MACD is also supporting a weakening rally that is long in the tooth. A storm is brewing... you...

Auguraltrader

It has been a while and previously posted about ETHUSD to take a tumble... yes, it did albeit it took a longer time to get to the downside target. Since then, there has been some consolidation and minor breakouts. The custom MACD and VolDiv indicators in the weekly charts have also had significant crossovers which collectively are signaling the bottoming out of...

Auguraltrader

And so we have a clear break out of the SG10Y again. And based on previous inverse co-relationship, the US equities should be retracing in a down cycle. The thing is that for now, at least in the short interim, the US equities appear bullish and is likely to stretch further upwards. This co-relationship is either being tested or has been broken. For now, the...

Auguraltrader

Ignoring the candlestick pattern, the week ended on a Friday gap up and rally to close at a high. Previous expectations of a retracement may be premature. Currently bullish outlook, for now, as it stretches out of the set range.

Auguraltrader

The USD has given a couple of bullish signals and these are: 1. A higher high and breakout close of the highest close in the last 10 candles; 2. the MACD is turning up, crossed up the signal line too; 3. the VolDiv is beginning to turn upward and significantly turned up (white dot trigger); 4. The higher high and higher low pattern to bottom out of a downtrend...

Auguraltrader

Just to highlight the Singapore going into technical recession]news first... that a technical recession is in the horizon, closer than we even realize. Otherwise, the EWS SG Singapore ETF, is technically challenged, with imminent downside. 1. Lower high made, and a possible imminent lower low to come in the next weeks. Breakdown below the red line is a lower...

Auguraltrader

It has been more than 6 months since I looked at GDX proper. Yes, I might have missed the last Gold/GDX rally, but I think that short run is about over... Looking at the weekly chart for GDX, a decisive lowest close since March 2023 is representative of a end of a bull trend, if it is not already obvious enough. The near marubozu type down candle came after a...