SUMMARY - This is the last part I can see left to chance.
DETAILS - If we bottomed today, 1960 gets hit on 12/17 or 12/19 (Sunday international open). If we drop to one more low at NFP tomorrow, floor is 1745. In that scenario, 1950 gets hit on Monday, 12/20. I need to see more to forecast the 12/29 high. Right now, it's 2015-2070 stalling 12/29-01/03.
DETAILS - If we bottomed today, 1960 gets hit on 12/17 or 12/19 (Sunday international open). If we drop to one more low at NFP tomorrow, floor is 1745. In that scenario, 1950 gets hit on Monday, 12/20. I need to see more to forecast the 12/29 high. Right now, it's 2015-2070 stalling 12/29-01/03.
Note
BARRING A SURPRISE CLOSE FOR TODAY -- I don't want to jinx U.S. trading hours prior to the close so I am not publishing this chart until day is over. But cheat sheet looks like this, this matters bc we are about to hit a "momentum channel".
Note
BTW - Momentum channel cheat sheets are the gold standard for regression forecasting.Note
BTW - 12/31 GLD 167 CALLS 2.17 right now. 1.78 this morning, but due diligence is complete barring surprise close.Note
BTW3 - If you bought one 2/18 GLD 176 or 177 call at $500 2-3 weeks ago as insurance. PIck up a second one for $135 to $170.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.