This week will be important for Gold. I current am neutral and do not have a position. Waiting confirmation.
Long for the short term time period. This consolidation is building a lot of tenses. My guess the major move will come at or near earnings 11-12 NOV 2019
This looks like a correction. We gap'd up and hit resistance at 2994. That rally couldn't get pass the 2994 resistance. If SPX breaks the the support at 2960, I can see the gap getting filled. If SPX does fills that gap and closes below 2930, this will confirm that this was all a corrective move. I want it to close below 2930 to test the deep lows around 2820 WE...
Currently shorting yet again. We could stay inside this triangle for a few weeks however the late it comes, the bigger the move it will produce. I'm expecting a big move to test the bottom of the triangle here shortly. Becareful of false break outs if it were to "break out" of the triangle upwards
This week is an important week and so is the last week of OCT when feds make a move with the rates. RSI is also back to neutral numbers
When the FEDs cut rates, money will come out of Bonds and into the US Stock Market. I believe BTC will dump (or pump if they don't cut) once big investors know that they need to transfer their investments into the Stock Market because rates have been cut. Feds will speak in a few hours.
Small caps are known for a leading indicator for the S&P500. The RUT's RSI is overbought. This week the FEDs will speak. I'm expecting to have them lower rates. SEP and OCT are known to be red months.
DIS looks like a pull back to the trend line. If the Trend line is broken, I'll buy at the next level of support.
I believe BTC is creating a D Triangle. Keeping it simple. 8000-9000 looks like its a good support. I'll swing trade and have safe stop-losses.
I'm keeping a close eye on it but its not confirmed yet. This could take about 9 hours to play out but that will allow the RSI to cool off and relax.
It broke the downtrend it was in. Next target .80 Next week will be a great week
XRP has a upward trend line and its continuously testing resistance. Its been coiling and is ready to break out soon.