Did you follow my research from late October/early November? So many people thought Crude Oil would climb higher on supply concerns (related to Winter/Europe). But here we are sliding below $75 (soon) and targeting the mid-$60s. My call from October was that we may see $64 to $67 as a base. Now, I'm thinking we may see $54 to $57 as a base. What is going to...
Here you go. This week I expect the markets to melt upward with a couple of bottom/momentum bottom patterns as well as holiday trading liquidity. This week may see some volatile price swings, but overall I believe the US markets will continue to melt upward. As we near the end of the year, I expect some traders to try to pull out of positions (anchoring in tax...
Is this it? Headed into the end of 2023 - are we going to see Crude Oil fall below $76 ppb as COVID & economic concerns trap the global economy into a contraction phase? My research suggests Crude Oil will attempt to find support near $63 to $65 before attempting to bottom. From current levels, this suggests a -$30 ppb downward price trend is likely. Two things...
I know many of you are very interested in Gold/Silver, but you need to understand the dynamics of price, expectation, and the unwinding of risk. The current move higher puts Gold/Silver into new Fibonacci Bullish Trending. This is what we've all been waiting for. But, the move upward from these levels is going to be staggered/legged by bullish and bearish price...
The incredible rally last week as traders flooded into US & Foreign market assets. The US Dollar rolled downward. Cryptos blew up and continued to tank. Traders are assuming inflation data will continue to trend downward and are viewing many foreign assets as "undervalued". You have to attempt to understand the psychology of the markets/humans and the seasonal...
Could it be the great Crypto experiment of the past 8+ years is nothing more than a Vapor-Ware experiment to exploit the greed from their wealth? Remember the 1700s South Seas Trading Company? Remember the story of "great riches" to be had by exploiting the spice trade in the South Seas? Thousands of people piled into these shares after incredible stories of...
Don't fool yourself with the idea that Crude Oil will continue to climb higher. The world is in a contractionary phase and Winter/COVID issues continue to plague demand. Crude Oil will slide downward as demand weakens into 2023. I expect $75 to $76 as a base level near the end of 2022. Then, possibly falling toward the $61 price level. Follow my research.
I continue to post these SPY Cycle Patterns as a way to help educate and explore my research/results. The interesting part of this research is these patterns originate at an anchor point nearly 5 years ago and continue to produce valuable predictive results for each week going forward - all the way out to 2028 and beyond. Why are they so important? Because...
Gold and Silver could move dramatically higher after the US Fed comments and the shift in how capital seeks safety. Precious metals have been consolidating downward for months. Now, it appears the Feds comments have shifted how traders/investors view precious metals. It is very likely this shift may prompt a very big upside price move. As traders suddenly...
As soon as the US Fed shifted into rate increases - traders should have suddenly elevated their protection tactics. The Fed's objective is to beat inflation and remove the easy money mentality. In order to do that, they may have to break consumers, industry, global economics, and the general demand cycle for cars, homes, credit/debt, and more. What happens when...
I've taught this system to hundreds of people over the past few years. It is a simple HIGHER HIGH/LOWER LOW system based on RSI 60/40. It is great for making decisions about longer-term trending and you can apply short-term technical analysis tools to 4 hour or other intervals to catch shorter-term trends. BITCOIN is BULLISH using this system. In fact, I would...
Thank you to all of you who have been curious and asking questions. This past week I've been busy taking care of family issues and coding. I'm still deep into researching cycles, frequencies, and cycle trends. Often, I take drives to clear my head and think about things. Just last Wednesday, I came up with the idea that multiple cycles may be operating on...
Myself, like many others, continue to believe Precious Metals (#gold & #silver) are about to enter a very explosive price phase. The past 12+ months have seen Gold rally after COVID, then enter an extended decline phase as the speculative bubble distracted everyone from core value. Now that the Fed and GCBs are dancing around rate increases, higher inflation, and...
Get ready. Bitcoin will follow Tech/NQ as the Reversion Rally takes place over the next 4+ months (probably lasting well into Q1:2023). I expect Bitcoin to rally to above $29k - possibly reaching as high as $35k. My research suggests the US/Foreign markets are about to enter a Reversion Phase (rally trend) after nearly 12+ months of global/US selling pressure....
It appears I'm getting a few people that are following my Cycle Pattern research - love it. For those of you that have not been following my research, here is a short history. Many years ago I started researching cycles, Fibonacci, Gann, and other advanced techniques. I try to deliver all of my advanced research to those that are interested in what I'm...
You tell me? My analysis is that Asia/Europe will contract demand as high Natural Gas and other economic constraints pull purse strings throughout the Christmas Holidays/Winter. If this happens, we may see a demand destruction cycle take place in Oil that could be 40~50% of the demand destruction that took place when COVID hit. The new strains of COVID are...
If you are like me, thinking the US markets will act as a safe haven for global capital, then you should clearly see the upside potential if these recent lows hold. If not, then you are seeing the downside risks as more likely - and will want to understand the price structure in place that may prompt some consolidation. IMO, we are amid a Wave 4 correction....
If you were watching the markets this morning or were caught unprepared for the huge CPI numbers (which lag), you were probably sweating bullets watching the NQ fall 400+ points in just a few minutes. These reactionary types of price swings can be very dangerous for some traders - especially right now. But, I want to alert you that the NQ has rallied nearly 200+...