Satrix INDIJSE:STXIND is at an area of value, near a potential resistance level. I'm no fan of a bearish market, I'd like to see the ETF break above this level.
Etfs
$PSIL Bombed out #Weed #ETF $MSOS attacking resistance lines...Will it pull up the
AdvisorShares Psychedelics ETF?
Strength in the #Biotech sector would also be a friendly situation.
here are the top holdings:
CMPS COMPASS PATHWAYS PLC 13.12%
ATAI ATAI LIFE SCIENCES NV 9.73%
CYBN CYBIN INC 7.97%
SEEL SEELOS THERAPEUTICS INC 6.90%
ITCI INTRA-CELLULAR THERAPIES INC 6.44%
HUGE FSD PHARMA INC-CLASS B 5.82%
SAGE SAGE THERAPEUTICS INC 5.23%
ALKS ALKERMES PLC 4.84%
DRUG BRIGHT MINDS BIOSCIENCES INC 4.70%
I can see this ETF targeting $3.2 as its first port of call.
biotech at a headprepared for different scenarios but overall continuing bear for biotech. this sector is going to get hit hard from annual plans for labs, and whether we hit top of envelope first or revisit bottom sooner were still in an overall end of bullish corrective phase from bear market leaving lows open for test.
Gold will stall/revert to near $1708 before moving higherI 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 waves - just like price always advances or declines.
The peak for this current move is very near the current highs ($1780).
I'm here to tell you I expect Gold to retrace to levels near $1705~1709 where it will establish a base for the next advancing price trend (targeting $1920~1935).
Get ready. Everything I've been sharing with you over the past 2+ years related to broad market cycles is taking place.
The US Fed has inadvertently trapped foreign markets and speculative cryptos in a blackhole that may pull many into oblivion. I believe this inadvertent move will result in a "new normal" that may reflect a massive debt destruction phase.
Right now, it is too early to tell how this will all play out. But I do believe Gold/Silver are the global base of REAL VALUE going forward (as they have always been).
Follow my research.
breakout mode for goldwere in a countertrend daily rally for gold as well as equities, and where theres normally a hedge we see direct correlation to both breaking out. the price doest tend to spend much time outside of the envelope. id imagine one final thrust into sss supply zone before revisiting estimate and lower envelope band simar to ghost feed is in order.
DBA - Invesco Agriculture Fund Commodities are currently repricing lower due to the looming global slowdown. Meaning, there is more potential downside for commodities
However,
There are more significant tailwinds that will push commodity prices higher in the longer term.
DBA ETF broke out of yearly downtrend in 2020 indicating that higher food prices are in the global outlook for the upcoming years.
A pullback is probably overdue but after prices stabilize, we can see the DBA ETF push significantly higher. The first stop is fair value (red line).
slow grind up for vixduring capitulation selling in spx vix has much steeper move up, but right now it is making gradual gains alongside a market that is selling big names like tsla at an astonishing rate. if we finally decide to bottom expect uvxy to head back down toward signal, sss ma, vwap and bottom of envelope. if we break to new lows uvxy should head right ip outside the top of envelope into the upper sss supply zone. ive marked out upper, lower and pivot lines.
GOLD Phase 3 Failure - Time for LIFTOFFIf you understand price patterns, one of the most important is what I call the Excess Phase Peak pattern.
You see this pattern in up trends and at the peak/start of breakdowns in price. One thing that is very critical to understand about this pattern is the failure of Phase-3 usually prompts another wave higher. At this point, Gold has stalled out near dual support and may start a very aggressive upward price trend as we near the APEX of the Pennant/Flag formation.
My research suggests an upward move (above $1870) is very likely to confirm the upper flag channel. Then price will likely stall before attempting a bigger breakout trend.
What this means is..
Just like in 2003-05, gold began a "melt up" phase after the DOT COM bubble and the early US economic recovery.
That melt-up phase culminated in a breakdown event (GFC 2008-09). Afterward, Gold skyrocketed higher (2011)
My interpretation is that Gold is acting just like the 2004~2007 MELT UP rally phase and will likely increase another 85% from current levels - yup $3800+ Gold is on the way.
Then, we enter the BIG RALLY PHASE after 2025 or so.
Follow my research.
Cycle Patterns Seem To Dominate Predictive TrendsI find it very interesting that my Cycle Patterns predicted the following more than 2 years in advance of this move..
9-26: Breakdown
9-27: Harami/Inside
9-28: CRUSH
9-29: GAP Potential
9-30: Top Resistance
10-1: Consolidation
10-2: Temporary Bottom
10-3: Gap Reversal
10-4: Breakdown
10-5: BreakAway
10-6: Rally
10-7: Carryover
10-8: Bottom
10-9: N/A
10-10: N/A
Given what we saw with the SPY price over the past few weeks, could you have identified the Consolidation, Temp Bottom, Gap Reversal, Breakaway, Rally phases this week after everyone else seemed uber-bearish?
I know they are not perfect yet, but I'm impressed that these cycle patterns seem to be 60% to 70% accurate within a 48~72 hour window. If they continue to perform well, we should be looking at a MELT UP over the next 10+ days that may start a new Christmas Rally phase.
Follow my research.
were right around vwap anchored at last sell signalwhether we blow through this vwap and smash though the sss supple zone, or pull back to retest sssma and trama, it looks like the upper nadaraya watson envelope gets touched again. im waiting on another sell signal from that strategy. it seems like theres this scenario where the vix gaps up and takes off, but more measured and muted drawdown has been the norm for weeks as we grind lower. we really need to see qqq, xlf, soxl, spy to new lows if we want to long vix, and we really would like to see rotation firing on all cylinders with iwm, xlv, xle green to see a bottom story coming out of broader matkets. if we come to the top of this range and pull back i would close long.
vix should rebound, but continue fallingthe hourly is looking oversold, so id imagine we have some rebound in vix, but the overall daily trend is threatening to confirm return to bear vix while broader market bounces. if we get spx, ndx making new lows of day simultaneously with multiple sectors like xlf, soxx in the red a return to bull vix could happen (highlighted areas where nadaraya watson envelope turns up). solid horizontals are targets, dashed line is pivot.
weekly picture at crossroadseither we hit this weekly sss demand zone and bounce, or we blow through it and make new lows. we are at bottom of envelope, and it appears to be turning. if sss signal stays red and we break 362.17 i thikk were in for 350.77 if not much lower around 320. if we bounce off that 363 level, and we get over the 377 range ithink were in for 396 maybe 405. horizontals dont align exactly with fib but thats because were in the middle of the retracement and havent found a bottom. the chances are low that we finish the week strong and start next week with a bounce, but i bet that when we do get a move with clairity its either a reversal around double bottom or a bearish continuation of trend.
GLD: Warm-up 👟GLD is warming up in the lower magenta-colored zone between $152.85 and $159.20, where it still has some room left to finish wave iii in magenta. Afterwards, it should jump up into the upper magenta-colored zone between $163.39 and $171.23 to complete wave iv in magenta, before sliding into the yellow zone between $150.72 and $140.40, where the overarching downwards movement should end. There is a 40% chance, though, that GLD could decide to rise earlier already and thus could directly climb above the resistance at $171.23.
trend changing in vixUVXY is demonstrating higher lows and higher highs. the current pullback is likely a bounce in SPX, but if that fades we should see new low in indices with a new daily high vix keeping UVXY trending up. if were stronger in indices overnight and tuesday we should form a lower high and roll over UVXY. upper or lower horizontals are price targets, and dashed line is pivot. bottom or top of envelope are areas to close. over all the trend in vix remains bull until we breech new lows in uvxy, setting a lower high and demonstrating bear momentum.
whether to go bull based on this daily bounce alonei onlywant to long bull breech of this pivot, short the upper horizontal, long the lower horizontal, or short a bear touch of this pivot. if sss and qqe go long, im long. if qqe and sss go short, im short. if trama gets touched,and heads down with price that adds to a bear case. if trama acts as support and rises that adds to the bull case. this applies to the full broader market spectrum, and the crypto space when the dollar is bearish for a bull crypto scenario, and dxy is bullish for a bear crypto scenario.
GDXJ: Shilly-shally…GDXJ is still hesitant to finally complete wave ii in magenta and is turning downwards again. As it can, of course, use the whole magenta colored zone between $37.26 and $24.77 to finish the overarching downwards movement, we give the ETF some more time to get its work done. However, as soon as wave ii in magenta is through, GDXJ should veer to the north, crossing the resistance at $36.58 and heading for the next at $51.92 from there. A 40% chance remains, though, that GDXJ could break through the magenta colored zone and drop below the support at $19.52, thus triggering further descent.
Today is a N/A Day (No cycle pattern) - what to expect...Today will likely be a carryover of yesterday, setting up tomorrow's TOP pattern. Because of this, I expect a bit of a rally phase today (rebounding off the lower support channel) and possibly attempting to move above 395 if there is substantial buying activity.
Yes, the Fed decision is near, but traders are still using the US equities market as a hedge against foreign market risks because of the stronger US Dollar.
Gold and Silver will likely setup another retest of recent support.
The markets are shifting and we could see a big move next week with the Fed decision.
Right now, I see the markets struggling to find support and attempting to hold above the Flag/Pennant lower channel.
Crude oil is lower - suggesting the global economic demand for oil is weakening.
Stay cautious. Follow my research. These cycle patterns are really incredible in how they predict days/weeks in advance.
Today is a Reversal/Reversion/Rally Day. Ready for it?My cycle patterns suggest today is a Reversion/Reversal/Rally day. I know it may seem strange to think that the US market may rally today after the CPI/PPI inflation data and the pending Fed rate increase - but it is what the cycle patterns say it is.
Remember, these patterns originate from a date 3+ years ago and just tell me what to expect from price on certain days. I read them like words making up a sentence. Multiple bullish cycle patterns suggest a broadly bullish price trend. Multiple bearish cycle patterns suggest a broadly bearish price trend.
Today is a Reversal/Reversion/Rally day. If we see a big rally in the SPY today - I will be content that my cycle patterns are really nailing these daily market cycles/setups.
I mean - where else can you know what is likely to happen weeks or months in advance of price actually DOING IT?
Follow my research.
TAN Solar Etf Breakout readyTAN Solar Etf Breakout ready. Since market is better perhaps we will see a nice breakout. Solar is Leading market group.
Are you ready for trading today (9-8) Inside-BreakawayAre you ready for trading today?
SPY Cycle Patterns for this week.
9-6: Breakdown
9-7: Carryover
--> 9-8: Inside-Breakaway
9-9: Breakaway
9-10: Rally
Follow my research.
SPY Cycle Patterns are incredible.Have you ever seen anything that can attempt to predict price trends 30 to 60+ days in advance? Other than Japanese Candlesticks, and quite possibly Elliot Wave, I've never seen anything have the predictive qualities of my short-term & long-term Cycle Patterns.
This is a Daily SPY chart highlighting the cycle patterns that aligned with certain days. As I'm watching these cycle patterns unfold, I'm seeing more and more details emerge.
For example, the current week showed the following:
9-4: Temp Bottom
9-5: Top/Resistance
9-6: Breakdown
9-7: Carryover
9-8: Inside-Breakaway
9-9: Breakaway
9-10: Rally
9-11: N/A
9-12: N/A
A temporary bottom, followed by a top/breakdown in trend on 9-5/9-6. The "carryover" pattern can act like a reversion price trend, or a continuation price trend. Today it resulted in a reversion higher.
Tomorrow the cycle patterns are predicting an Inside-Breakaway followed by a Rally on Friday (9-9 & 9-10).
I expect the US markets will rally higher on some news related to some moderate global crisis. This may send Gold/Silver higher and may drag Bitcoin higher as well. What I expect is a flood of moderate buying to close out this week - catching traders by surprise.
consumers starting to spend less money againin times where this is above 2 consumer defensive is winning out, and in times where this is below 2 consumers are spending more money and buying consumer discretionary goos/services. recently this chart peaked, and now weve retraced and it is reversing again. probably going to set a lower weekly high, but qqe is long and sss is green so the defensive funds are probably the best bet in terms of consumer goods.
need green sss for long term buy nasdaqrecent data suggesting the bottom is probably not in for the nasdaq means we need to see sss signal green on the monthly and cross above pivot for upper horizontals to be in play. till then were not averse to lower horizontals, or even touching the sss supply zone. qqe going long monthly would mean a long term entry averaging up into nasdaq funds would be profitable.
