FibonacciDiPisa

FibonacciDiPisa

Ready for blast off...let's see how high she can fly

FibonacciDiPisa Updated 

All this inflation talk from Jerome Powell, I think, is making people very nervous. What a load of BS and deflection. What he means to say is, "Yes, we need to increase inflation sooner than imagined, but I can't say that because everything will tank. Yes, this is another situation like Japan, but I have no real answers of substance. No, the economy is not in good...

FibonacciDiPisa

Gold is obviously in a heavy downward trend, question now is does it turn around at about 1825ish or head in a continuing trend to the bottom of the down channel at 1720ish. Either way, two great buy opportunities as I think the magnet price any way you look at it is 1900. This is relatively short term in thought. For longer term, I believe gold is in trouble...

FibonacciDiPisa

If we go full on bearish (which is hard to believe with all the support and push up), I plotted 3 points of interest when touring Bearville. Elliot Wave would tell us we are nearing a wave 4 down and an ABC correction of grand magnitude on the daily. RSI is tickling overbought and reaching lower lows with every dip, MFI on 3hr is overbought, everything points to...

FibonacciDiPisa

Pretty self-explanatory, VIX on bottom, ES on top, a bunch of lines and stuff. Enjoy!

FibonacciDiPisa

I see some very conflicting sentiments about gold; some say dump, some say soar. Either way, volatility, I think, is something we can all agree on. Overall I am bearish about it, but in the more short term, I used some trendlines, the down channel it has formed, and some retraces to come to these conclusions shown in the chart. Still amazes me that everything...

FibonacciDiPisa

Thought I would plot some interesting prices based on trendline crossing and Fib (my) ratios. I would say they are all plausible, but as we have learned from this year, anything is possible, so I wouldn’t get too bearish until there is some more momentum picking up downward. Potentially after options expiration this Friday would be a good time to get some puts or...

FibonacciDiPisa

This seems to me to be the most likely scenario. We should have a push up for Friday, OPEX and VIX expiration day. We are going oversold, so expect some type up thrust up insanity to happen. Overall, pretty sidewarys until March time I am thinking. Some choppiness at the time to change presidents, but unlikely market will be left to truly crash organically. At...

FibonacciDiPisa

What we have all been trying to foresee…could it be this simple? Doing some daily chart analysis, I began to plot where trendlines were converging on both ES and gold. Would you know it; they seemed to align inversely. Interestingly enough, Inauguration day, Wednesday, January 20th started to show as one potential date in the short term for a drop. Even more...

FibonacciDiPisa

Prediction for the next year is exactly flat IMO; lots of ups and downs, people claiming a crash, people claiming 4k, FED stepping in, interest rates increasing, inflation kicking in earlier than expected, Biden coming to office, civil unrest, COVID mutations and vaccines...all of it amounting to being flat as a pancake for 2021. This is just a thought, but...

FibonacciDiPisa

Targeting just over 30 in VIX for upcoming week or two. Can't make any promises, but it would make sense with the time resistance and the trend line on top. That is, if charts can be trusted :) We shall see how it all plays out.

FibonacciDiPisa Updated 

WARNING: now entering the highly-dangerous territory of a potential bull trapping. We could push higher further enticing the bulls, but enter long at your own risk.

FibonacciDiPisa Updated 

The usual bounce for today; possibly a float up to end like a usual Friday, but something tells me way may have a dump ending with a massive boost up Monday. Anticipated to reach that FIB on this correction today after the “B” of the “ABC.” We will see with a lot of Ask volume on the DOM pointing upward still as bulls take over. Definitely think Monday all will...

FibonacciDiPisa

We could bounce off any of the 3 points of bounce shown IMO. Things are not looking so good for the market with the dollar increasing, VIX rising, and many signs that things are turning around for the worst. Definitely buy point if we get down to the bottom trendline which is not out of the realm of possibility. Predictions for the week are as follows, subject to...

FibonacciDiPisa

For what it is worth, we are on the cusp of a New Moon: "Their heart rate and blood pressure were both lower during full and new moons. Plus, their heart rates returned to normal levels more quickly during full and new moons. In this study, researchers concluded that humans were more physically efficient during full and new moons." Generally speaking, whether it...

FibonacciDiPisa

When drawing the trendlines and being mindful of the down channel, a very intresting crossing point occurs: 1900, almost exactly. I would expect to continue with structured swings as it has been and ending up right at that target. Predictions for gold in upcoming time periods are as follows: 1-8-21 1903 End of Next Week 1916 End of February 1900 End of 2021 1700s

FibonacciDiPisa

Pluto aligns with the Earth and the Sun today. I read a bit about Pluto, and although it is farthest from us in distance, it seems to hit home in this very telling description: "Pluto is the great revealer, but often there's a dark night before the rebirth. Pluto brings to mind purging, exorcising, and releasing buried power or core truths. It's the planet of...

FibonacciDiPisa

We went overbought on the 3-hour RSI and MFI last night; at some point, we will correct. At a minimum, to the first FIB, protentially to the most recent bottom trendline formed, but possibly to the longer-term bottom trendline if there is a dumping which is feasible. Sorry I was a bit out of it and frustrated yesterday, a terrible time to trade, and it showed in...