Auguraltrader

Auguraltrader

The SG10Y Bond Yields spiked and got back into the range. Then it spiked further today attempting to breakout from the Gann Fan trendline. MACD somewhat supportive but not yet crossed over. An early indication of an imminent retracement (indicated within the range). Any further and stronger break would suggest a bigger correction incoming; IMHO, overdue.

02:40

Auguraltrader

This is the FTMUSD chart and how I do the projection. I like FTM cos of 1. What it is 2. It is a reliable laggard that moves after BTC or ETH moves 3. It moves more in percentage terms 4. Technical indicators and chart patterns are relatively stable Do note that there is a target and a top out date/time. So... here it is! Let's track it!!!

02:18

Auguraltrader

This is how I do a simple geometric Fibonacci projection... 1. Set up the Fibonacci projection 2. Draw an arrow from 0 to 1, clone it 3. Shift the cloned arrow to the bottom of the retracement 4. Mark out the level, usually at 1.618, and time frame is around that spot.

Auguraltrader

The Combined US indexes are clearly in bearish divergence, as previously described. However, it appears that there is a thin underlying technical and funding support to push this index(es) into the Fibonacci target over the next couple of weeks till the end of April. A trajectory of the expected retrace to run scenario is drawn in light yellow, to the upside...

Auguraltrader

Its been years of waiting and I think it is about time! Gold is rotating back and should finally close the week outside of the constipation box (yellow). MACD and VolDiv are crossing above and should be supporting a rise in Gold. New target for this run, 2600 (Jan 2025). Heads up!

Auguraltrader

The SG10Y had been previously established to be a reliable indicator of the US S&P500 index, and US markets in general. It has had a 100% read accuracy in forewarning of imminent volatility, particularly when the SG10Y breaks out of trendlines. So the end of the week saw Nvidia spark a rally in the S&P500, and closing at record highs for the week. Usually, I...

Auguraltrader

In line with the earlier posts about SG10Y and Combined US indices, the VXX is showing similar spiking potential. Observable with bullish divergence of MACD and VolDiv and a bottoming out of the VXX with a strong bounce off support

Auguraltrader

Here is how I see it... 1. MACD Bearish divergence on both MACD and VolDiv and being extended further, increases probability of a retracement happening; 2. Sequential counts completed... retrace ent could begin within the next 5 candles; 3. Candlestick pattern shows a toppish doji; 4. SG10Y heads up for volatility and retracement incoming, So there... heads...

Auguraltrader

Track record of tracking the SG10Y yields in giving heads up to the S&P500 or US market direction has been quite uncanny... This time, the technical outlook for the SG10Y is suggesting a breakout, and in doing so, should see market volatility to the downside. MACD is suggesting a potential breakout, as is a recent close to the high and breaking the Fibonacci...

Auguraltrader

Heads up that there is a significant development in the market structure, as observed by the last two weeks of activity. Previous week, the weekly candle broke down two support lines, and closed well below. In addition, there was support from the TD Sequential counts for a downward momentum. This was also corroborated by the MACD and the VolDiv. However,...

Auguraltrader Updated 

Over the last couple of days, the previous posts have been showing a number of indications from various perspectives about a financial market breakdown, and here we have an essential heads up... VOLATILTIY. I use the VXX ETN for the metrics it provides, albeit its idiosyncrasies. August into September, a breakdown into a lower range indicated that a RISK-ON...

Auguraltrader Updated 

EWS really going to do it this time it seems... close below the support line. This is premature on the weekly chart, but heads up, two things to happen... First, a close below the support means a breakdown underway, especially if it is accompanied with a lower low. Second, there needs to be a late week rebound strong enough to get it back above support line. Then...

Auguraltrader

The last week proved to be the straw that broke an important support level, to close the week at a recent low. This is very significant as it is the first indication of downward momentum, having bounced off the same support three prior weeks. MACD appears to be deteriorating again in the past week, and the VolDiv is definitely not improving. What this is...

Auguraltrader

IF you had been following the series of The Gold Odyssey, you would know how well the probabilities are in the analyses. To the point, Gold is ready to break its almost three year consolidation (huge) range. 1. You can see the powerful reversal off the mid-range support; 2. The candles show and project good momentum to follow through; 3. A trend line breakout...

Auguraltrader

Heads up... all supports and resistances are being broken. Very quick take... equities going down! other markets will follow suit accordingly.

Auguraltrader

Back to this set of chart overlay... So, it is where it isand the SG10Y Govt Bond yields are again rocketing. This is yet again to push the SPY further down. Combine this with the double top seen recently; probabilities stack up for more downside into November.

Auguraltrader Updated 

Previously mentioned that the supports are being broken. It gave way after an expected bounce. The dip that followed came with confirmation technical signals as well as a lower low… suggesting that there is downward momentum still. Saving grace lies with a pullback rally to end the previous week just above the support line. However, this appears to be futile, with...

Auguraltrader Updated 

Just noted that the combined equity index chart showed an interesting bullish setup. The downtrend has been a little stronger than (probably) warranted, and now a sign is showing a probably bounce off a support level. Support broke and the next day rebounded to recover. This formed the bullish Piercing Line Pattern and it reclaimed the support that was broken...