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Wednesday Fed and thursday EcB and now friday NFP
to complete a week of good trading potential 🙂Never give up, never surrender.
Holding above the lows of 16th November are critical
for this year’s Santa rally survival, imho.Never give up, never surrender.
Holding above the lows of 16th November are critical
for this year’s Santa rally survival, imho.There is a count / pattern which would call for a huge rally off
those 16th Nov lows.Goes without saying a true break would invoke a potential crash.
Now you know why only +10pts a day is good for me !!!!!!!!!!
Never give up, never surrender.
Next week we will still have the wake of the EcB rate / qe news,
then the run into the FMOC the week after, then the Christmas
week after that.Three very different theme weeks but all interlocked as we
move into what I think is the QE twilight zone. Which is
likely to kick off in January. Better if this were to be at
new ath’s for the US and a lesser Ftse ‘h’.Never give up, never surrender.
This is worth a read… http://www.tfmetalsreport.com/blog/7305/sp-500-update
please read this if you haven’t already. Superb analysis of S&P monthly chart.
The moving averages he talks of are very close to crossing… And now separate to the s&p but still an unusual development is that commercials are net LONG gold for the first time ever apparently. That at a time when COMEX is virtually out of gold. It has 3 tonnes left! Nothing. India imported 100 tonnes in a month!! If COMEX defaults what happens? Surely they must default….. Will all hell let loose? I have no idea. Anyone demanding physical delivery will be forced to take paper instead. I find it utterly fascinating.
Time for the dow gold ratio to take it’s final decline to around 1?! I think it is on the cards in the next twelve months. Dow 17800 and gold 1080 zone now. What price do they converge?
nice link mauritius,i got one of those turn days for today,which unless big red candles show up out the starting gates “should” see a high..thats the plan anyway.cautious play to find a nice shorting oppo later in the day.seasonals,friday price action,obvious inverted head and shoulders on the short term charts all against this but lets face it…that was some serious rubbish from draghi friday! prior resistance and h+s neckline at equivalent 2106 spx,would be good but wouldnt rule out a pop even higher,how can u? lol
https://m.youtube.com/watch?v=tBU01akf688
I think Celente is bang on the money…
There is a count / pattern which would call for a huge rally off
those 16th Nov lows.Goes without saying a true break would invoke a potential crash.
Looks like we may get the answer.
Never give up, never surrender.
Sorry gekko I have been away from the charts.
Looks like all this swing action is preparing
positions for the FMOC and quad expiry, imho.Never give up, never surrender.
Ftse low of 16th Nov could be expressed as somewhere 6100 – 6050
as these spike lows have a slightly larger red zone.Ftse is there now in ooh.
Dax is also in it’s zone.
Interesting times !
Never give up, never surrender.
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