FibonacciDiPisa

FibonacciDiPisa

Be aware of the top trendline. It seems unlikely gold will break through before another drop, but until then, long seems like a good option. Predictions for the next three trading days are as follows: Wednesday: 1883 Thursday (happy holidays!): 1892 Monday: 1902 (tentative)

FibonacciDiPisa Updated 

I hate to be a doomsday preacher as they run rampid around these parts, but just wanted to make a nice clear drawing of some of the consequences of that sweet bull run we just had. Just as a reference, in October 2007, the mini was at about 1500, by February 2009, a range I think will be comparable to our upcoming depression/recession, the mini was at 735...

FibonacciDiPisa

Continuing the down trend moving to the next bottom trendline and the convergence of the top and bottom trendlines to the point of no return. Seems like it will be a quick wave 1 down, a wave 2 back up a bit, and then a strong wave 3 down at end of year and/or January along with the market. Short is the overall best bet IMO. I am not sure we will see another ATH...

FibonacciDiPisa

Does gold hold the trend line bottom? We will see, my guess is some type of bounce here. If not, we have a new bottom trendline to go by. Forecast for today and tomorrow might be hopeful from a bull’s perspective: 12-22-20 1880 12-23-20 1890

FibonacciDiPisa

I would be inclined to watch for the dip this morning and buy it once there is some reassurance/confirmatiopn it is actually a dip and not a dive. If we fail to have a dip this morning, I would be prepared for it for the afternoon ending and/or the next couple days. The question is will the Santa rally ring true this year…something, I think, is on everyone’s mind....

FibonacciDiPisa

Short term gold thoughts based on trend line diminishing and relatively sideways movment to Christmas. I would then prepare for a bit of a down turn, at least temporarily, for this shiny metal. Targets Monday - 1886 Tuesday - 1892

FibonacciDiPisa

Just as it was foretold, so shall it ring true…VIX train has pulled into the station and is right on schedule. Humans cannot avoid human nature; it would negate what it inherently is, eh?

FibonacciDiPisa

Remember our trend lines; gold is relatively predictible in the grand scheme of securities. Seasonality holds very true and trend lines seem to remain pretty consistent…so don’t neglect them and. of course, watch your Fibonaccis because everyone else is following them too. Follow the patterns and one can do well with gold IMO going long and short when the timing is right.

FibonacciDiPisa

Does the grinch come like everyone foretold? Or do we plummet to a comfortable bounce zone for one more push up? I think one more bull trap for the naive and before another ATH we plummet futher into the oblivion from which we rose. One thing is for sure: the grinch is alive and well and he is dumping like it is his job so far...

FibonacciDiPisa

The full moon coming up on December 29th @ 10:28PM, aptly called the “full cold moon,” may signal the turning out for the S&P mini. The question is how low does it go? Does it head down to the 3570 area and rebound? Does it start pouring all the way down to the 3400 range? Is it going to be a combination of the two? Or, perhaps it doesnt arrive until the new year....

FibonacciDiPisa Updated 

Expecting the drop that is happening, government annouces news at 11AMish, coincidentally the exact same time all puts are filled and all calls need to be met for the rest of day. I am anticipating a bounce at this time where things turn around. Will it go higher than our previous high? I don’t think so but certainly a potential for it with all the money that will...

FibonacciDiPisa

I just thought it was interesting how different stories are told with these two side by side: FAANG summed together as one vs. ES. Let me know your thoughts on the matter if you can find the time : )

FibonacciDiPisa

Friday dump in morning and pump @ 11AM-12PM as usual. Do we head to 3777 for the Christmas rally? Perhaps, after that make we will see some pullback; however, I am not seeing the REAL pullback everyone loves to discuss until the economy start to "recover" with jobs increasing and a real turn around happening. On a longer term point: When Obama was coming into...

FibonacciDiPisa Updated 

Anyone else seeing an inverted head and shoulders on VIX?

FibonacciDiPisa Updated 

Commencing countdown, engines on (five, four, three)

FibonacciDiPisa

VIX is gathering energy for a booming 2021...be prepared!

FibonacciDiPisa

Get your shorts ready for the top trend line on gold. 1900 range to head downward in January and/or end of year.

FibonacciDiPisa

Is it pump and dump time finally???