Auguraltrader

Auguraltrader

Just looking for recent patterns and apparently, there are. The red lines are support/bearish lines. The green lines are resistance bullish lines. and coordinated breakout of price and MACD off the resistance lines result in a substantial rally. However, before that happens, the cross-sections of the cyan lnes lines are the points prior to the rally. And...

Auguraltrader

BTCUSD 4H chart looks as if it is coiing, and there is a high probability for a breakout UP to 11,000 or DOWN to 8600 Get ready!

Auguraltrader Updated 

As annotated in chart, it appears likely to punch further for a lower low, if not by this Wednesday 18/3, then by next Wednesday 25/3. Deviation criteria set but requires a massive rally, which currently looks with low probability, although not impossible.

Auguraltrader Updated 

Yesterday was a very significant day for the S&P500 (/ES futures), and the associated indexes. Intraday, it was an interesting experience to see the index flat out, in some sort of anticipation, then react with a surge on the surprise news break of a 50 point rate cut. And only to be digested badly with more fear being stoked and more downside that followed to...

Auguraltrader Updated 

After a rally in the early part of 2020, perhaps Ethereum is now just done with the retracement. It retraced a little deeper than expected (orange box), but has just made its comeback and relaunched the next leg rally. This time, it’s m coordinated well with the MACD and the OBV crossing up just a few days ago.

Auguraltrader Updated 

Last week saw crude prices weaken much further. This was a double whammy from the COVID-19 going viral globally as well as the imminent oil producer spat, particularly between Middle Eastern producers and Russian producers. That was just the cake... the cherry is in the form of a PRICE WAR, and one that has just been declared! According to Bloomberg, the Saudis...

Auguraltrader

IF you follow me, you’d know that earlier this week, I already saw the S&P500 revisiting and exceeding the last low. While the earlier part of this week saw a rebound, it is wide ranged and volatile. It is about time for a revisit to the lows, and did you know that Goldman Sachs (financials) are leading the way? Technically bearish, GS is leading the reversal down...

Auguraltrader

Went parabolic, had expected a double top with a lower high, and now a second lower high. It’s screaming out Short! Expect downside to 650, and if breaks, then 400 is next target. MACD had crossed into the bear territory just.

Auguraltrader

After a shocking drop last week, Gold recovered, and just broke out of a trend line resistance to resume its rally up... technicals like MACD are supportive, and fundamentals like loose global monetary policies encourage.

Auguraltrader

Quick note that developing story on ETHUSD as it is a out to break out of hourly charts and later possibly break over the daily trading range. Technicals are supportive and this may the thartnof the next leg. HEADS UP!

Auguraltrader

Previously noted that on a particularly critical day, the S&P500 closed below expectations thereby giving heads up of the near term imminent downside. This morning (UTC+8), in the ES1! Hourly chart, we can see a potential double top of the rebound. The next few hours in Asian trading time would be critical, and we expect a path of lower lows and lower highs to...

Auguraltrader

As expected with last week’s idea post, the correction phase is underway, and it is rather massive with a Gap Down of -1% to open the week. IF the momentum continues, this is very bad news for the equity markets. The current outcome and probable continued momentum is triggered by the weekend surprise of Northern Italy COVID-19 outbreak and lockdown, as well as...

Auguraltrader Updated 

Just happened minutes ago, the topping pattern of a High, Low, Lower High, Lower Low, Lower High, and then a Lower Low just completed and then it gave up and did a huge Markdown. MACD has given an earlier indication of a drop, after pattern completion. THIS IS a topping pattern, and it is of high probability that the S&P500 topped out. Now waiting for it to...

Auguraltrader Updated 

Just building up, the GDX Gold Miners, which were lagging Gold prices for a while, is now on the verge of a breakout... from a tilted Cup & Handle Pattern, as well as a Triangle. MACD and OBV are bullishly supportive, and momentum is strong. A breakout sets an upside target of 32.50. Enjoy the ride!

Auguraltrader Updated 

Gold is rallying very hard, and the GDX Gold miners ETF is lagging behind. It is only a matter of time before it catches up, and is already beginning that catch up journey. This morning, it is up 1.5% and launching off, after a higher low bounce off a support region (grey box). Technicals are supportive, as is correlation to Gold prices. The MACD crossed up after...

Auguraltrader

Have you seen it? It’s on the weekly chart, and all we need is the coming week to be down for a bearish reversal confirmation pattern to complete the DARK CLOUD COVER Technicals not yet supportive of a bearish trend YET, understandably as candlesticks are the first price indicator to give the heads up. Bearing in mind (pun not intended), that the recent rallies...

Auguraltrader

Again? Yes, the Shanghai Composite had a massive Gap Down after a two week Chinese New Year break due to the COVID-19 (SARS-CoV-2) outbreak in Wuhan, Hubei, China. Since then, week after week it made momentous recovery up to close the gap this week. While this is seemingly bullish, and is technically starting to pull the MACD bullish, I call a bluff. Here is...

Auguraltrader

DBS is very weak now. Having bounced off 25 twice in recent time, it failed to make higher highs, failed the 55EMA, and is likely to revisit 25. MACD supportive of bearish bias. Going for a bounce at 24.50, and to consolidate at 24 for deliberation of a possible major rally to 40.