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Post by platy on Jun 12, 2014 8:02:54 GMT -5
Gold still up, stocks still down. Is the bottom/top in?
I don't think so.
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Post by radar on Jun 12, 2014 8:11:38 GMT -5
Too much noise right now.....
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Post by simonsays on Jun 12, 2014 9:30:10 GMT -5
I'm on the road to my canoe trip. Good luck with the trading! I hope things stay quiet until Tuesday.
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Post by radar on Jun 12, 2014 9:57:42 GMT -5
gold looks like it is reversing trend with the break above the 1262-65 area.
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Post by radar on Jun 12, 2014 10:18:09 GMT -5
new momo highs on shorter term time frames (gold)....
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Post by platy on Jun 12, 2014 10:24:04 GMT -5
Gold Uranus-Pluto resistance at 1272-1273.
Trying to figure out why metals are rallying into the 14th. It could be a peak between a double bottom.
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mp
Junior Member
Posts: 77 
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Post by mp on Jun 12, 2014 10:33:02 GMT -5
Gold Uranus-Pluto resistance at 1272-1273. Trying to figure out why metals are rallying into the 14th. It could be a peak between a double bottom. The weekly chart will be the important one here to watch. So far the financials are sporting a reversal candle and SPX a red bar candle if this holds true thru tomorrow and ends lower or stays at this level then we have a weekly trend that will last for a week to a few weeks (Month?). The next level of support on the weekly would be at the 20 (1866) or opposite end of the BB (Lower) at 1783. A 75 week MA would be waiting at 1716 area in case price breaks below all the supports. The short-term indicators need to come out of overbought for this down-trend to have some merit as well.
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mp
Junior Member
Posts: 77
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Post by mp on Jun 12, 2014 10:35:18 GMT -5
Also on a daily chart, prices for the SPX is resting on the upper diagonal trend line. A break of this brings us down to 1920 then to 1900.
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Post by radar on Jun 12, 2014 12:31:04 GMT -5
gold/silver both make new HOD
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mp
Junior Member
Posts: 77
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Post by mp on Jun 12, 2014 13:41:59 GMT -5
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mp
Junior Member
Posts: 77
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Post by mp on Jun 12, 2014 14:11:18 GMT -5
How about a target for SPX 1987 to top the market off?
This would imply that the move now would end at or near the 1915 - 1910 range and rally to equal wave 1 at 1987 as the 5th wave.
tfaat.blogspot.ca/2014/06/11-june-2014.html
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Post by daniel on Jun 12, 2014 16:44:16 GMT -5
Platy.... even though Gold and the miners have rallied here isn't the 14th still going to be a bullish trend change because it is a longer term trend change?
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Post by platy on Jun 13, 2014 0:54:17 GMT -5
Platy.... even though Gold and the miners have rallied here isn't the 14th still going to be a bullish trend change because it is a longer term trend change? I'm trying to figure this out. Either the silver turn date was off by 9 days (not likely) or it is a multi-month high (I have a hard time believing that) or it is playing out something that happens rarely, which is that it is a high in the middle of a double bottom. So that's where I'm leaning. |
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Post by daniel on Jun 13, 2014 10:19:58 GMT -5
Platy.... even though Gold and the miners have rallied here isn't the 14th still going to be a bullish trend change because it is a longer term trend change? I'm trying to figure this out. Either the silver turn date was off by 9 days (not likely) or it is a multi-month high (I have a hard time believing that) or it is playing out something that happens rarely, which is that it is a high in the middle of a double bottom. So that's where I'm leaning. Godspeed my friend |
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mp
Junior Member
Posts: 77
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Post by mp on Jun 13, 2014 14:32:39 GMT -5
Platy.... even though Gold and the miners have rallied here isn't the 14th still going to be a bullish trend change because it is a longer term trend change? I'm trying to figure this out. Either the silver turn date was off by 9 days (not likely) or it is a multi-month high (I have a hard time believing that) or it is playing out something that happens rarely, which is that it is a high in the middle of a double bottom. So that's where I'm leaning. What if this is an acceleration date? It would still fit a strong reaction date with an impulsive and continued move. |
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Post by platy on Jun 13, 2014 14:52:24 GMT -5
I'm trying to figure this out. Either the silver turn date was off by 9 days (not likely) or it is a multi-month high (I have a hard time believing that) or it is playing out something that happens rarely, which is that it is a high in the middle of a double bottom. So that's where I'm leaning. What if this is an acceleration date? It would still fit a strong reaction date with an impulsive and continued move. It's possible. I really just don't know. |
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Post by platy on Jun 13, 2014 15:00:11 GMT -5
![]() Gold testing 150 DMA from below. ![]() |
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mp
Junior Member
Posts: 77
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Post by mp on Jun 13, 2014 21:21:52 GMT -5
![]() Gold testing 150 DMA from below. ![]() Gold is still on an uptrend but Silver is way stronger and has hit the upper BB on the daily chart. ST still remains on an uptrend and could accelerate if indicators reach overbought. This is why a part of me feel that the reaction this coming week has a high possibility of a continuation of the trend. |
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