Auguraltrader

Auguraltrader

DBA noted to be on the verge of a break out. Very quickly, here is why: 1. Weekly Candlestick pattern appears more bullish . Subtle buy signal there. 2. MACD rising and just about crossing up and the VolDiv already crossed over. 3. TD Seq is actually still in Bullish trend 4. Daily Candlesticks show a potential rebound, but it needs to break above the TDST...

Auguraltrader

Been a while, but finally SOXL has broken out and IF this week keeps up or at least keeps where it is currently, it appears to be a clear breakout on the weekly chart. Clearly, MACD and VolDiv are aligned for a bullish run. Heads up! Revisit again soon...

Auguraltrader

The week to close leaves Friday (today) and currently, the weekly candle is looking really really good... A potential weekly break out is in the cards IF Friday can hold current levels and/or rally further above 400. Furthermore, note that the MACD is in alignment for an uptrend. albeit the VolDiv is slightly less than ideal, being flattish-ly up trending...

Auguraltrader

Since the last post on BTC, it surged to 23,815 and is consolidating in a range at the interim top. Breakdown for a retracement is expected, and 20,633 is the support that should hold for a bounce and then a continued rally higher. Else, 19,000 is the base support to not break below. Watching these levels...

Auguraltrader

Did not get to post this earlier, but the BTC post was similar. Last posted about ETH downside, and it happened in mid November 2022. Thereafter, ETH consolidated to form a bottom of sorts, and attempted a couple of breakouts after a double bottom and later, higher lows. Arrows show where I took entries and exits. 1600 is now a resistance, and 1500 a support....

Auguraltrader

Previously, expected the SPY to make a higher low (orange ellipse). I think it just did. For the higher low, as expected, It pulled back to that level on 22 Dec 2022, and then near it again on 28 Dec 2022 (higher low!). Usually, I would use the SPY weekly chart, but this week being the first week of the year, I thought it more appropriate to use the daily chart...

Auguraltrader

Oops. GG… Broken down of the support and Head & Shoulder formation. Technical indicators are aligned for more downside too. Wait for the week to finish the candle… I do not see much upside at this point.

Auguraltrader

A bit ago, a good friend asked me about DQ. I was not familiar with this (new) energy company, but was just looking at pure technicals. Had a heads up that if a support level was broken, there would be further downside. Needless to point out. It happened, worse that I had expected. Now that December is over, looking at the monthly chart bodes very badly for DQ....

Auguraltrader

From the last post, I took a second look, and zoomed out a lot more. Then I found another set of reasons for the down and uppish outlook that I can share with everyone... You see, it appears that there is a set of similar technical conditions that occurred in December 2018, that also presented similarly in December 2022. From a recent double top lower high...

Auguraltrader

Just happened to screen and find that iQIYI appears to have had a recent good run and the short term weekly TDST has been broken out of, closing above with two more weeks to end the TD Setup. Technical indicators are bullish, MACD is post-bullish divergence indication. On a weekly scale, the yellow box is the range, from 2-5, being near the resistance...

Auguraltrader

It has been a while since it would be even worth to look into GDX, and I think it is about time... still early, but good to plan ahead and see if it is working out as projected. GDX (Gold miners) mounted a good recovery but stalled on a trend line and retracement is likely to see 27, else 25. The technical indicators (MACD and VolDiv) are turning bullish, but...

Auguraltrader

Noted in my screener that the Invesco DB Agriculture Fund DBA was outstanding for the week. A 2.3% climb for the week came after a quick 15% decline early in the year, and entrapment in a consolidation range (yellow box) between 19.50 and 20.80. The lower end of the range represents a strong support having been tested thrice this year. Meanwhile, the weekly MACD...

Auguraltrader

Gold recovered in recent weeks since November, but appears to have met resistance. MACD and VolDiv are indicating a bullish technical backdrop, but the price action of the weekly candlesticks are indecisive in breaking out. Expecting a retracement, and then a later bullish break out in Jan, or more likely in Feb 2023. This one needs time to bake...

Auguraltrader

As previously mentioned, Crude was to break 76, and head down to a target of 67. It did break down below 76 decisively, but found a support at 70. And it appears to be bouncing off the 70 support level. There are two main ranges and in combination, the yellow box denotes the current consolidation area over the next couple of months. Noted the Bullish...

Auguraltrader

This is a list of my personal portfolio selected ETFs with the simplest visuals, using MACD as the only technical indicator and the trend lines with breaks or breakdowns to give us a new series of PSV charts. ;-) Note that these are using Weekly charts, and a break out is qualified when there is a trendline break out accompanied by a MACD crossover (within a week...

Auguraltrader

Not all down days/weeks are bad, some are necessary. It appears we are at the juncture, where the weekly candlestick pattern is bearish. very clearly bearish. so we are likely heading for a down week. MACD is indicative, so is the daily candlestick. Can expect an early to mid-week down draft. Overall, looking into a end of year low, but a higher low, of about...

Auguraltrader

From the Nov 15 post, " There is a 3 wave structure to get an ultimate Lower Low; this is then followed by a recovery to the middle Lower Low range (yellow box) and a breakout above that level (lime green ellipse) is accompanied by a MACD crossover into the bullish half, as well as the VolDiv crossing over the zero line. Uncannily, this has happened at least...

Auguraltrader

Model projecting (and giving heads up) that a new (small) wave should be starting about 20 Dec 2022. This suggests that Singapore will go into 2023 with a COVID wave mostly brought back by holiday travellers. In fact, it has already started and the model just projects a date line where it gets noticeable for the media/regulators/agencies to pick it up too. IF...