FibonacciDiPisa

FibonacciDiPisa

If we use the FIB on the daily, 3640ish will be the first “bottom,” but likely the first of a consistent pattern of lower and lower bottoms as the much-anticipated bear market starts to emerge for 2021. At some point we will need to approach the 3400ish range before we can truly rebuild again.

FibonacciDiPisa

Anyone’s guess, but it seems clear now things are headed in a downward momentum...

FibonacciDiPisa

They say the first day of trading can be indicative for the remainder of the year. I would say so far it seems spot on with a pump and opening dump, possibly due to people taking their gains in a new tax period. Be on the lookout for a bottom coming in the upcoming monthss. I wouldn’t get in the game until we are under 3600 as least...

FibonacciDiPisa

Well new year, same ole things. Up and away, looking for a retrace but not hopeful for a real down yet until February or March perhaps.

FibonacciDiPisa

Retrace on gold expected after the massive ups, but so much upward momentum to break another trendline…I would say so. We are kissing that upper trendline and keep busting through, so I would expect that to continue as uncertainty pushed money into gold and away from market.

FibonacciDiPisa

Gold has finished directly at the crossing of the upper and lower trendline, no surprise. The question remains, do we go up or down from here? My best guess is that we may go up just a touch to break the upper trendline, but don’t get used to the bullish movement. My anticipation is that it will be short-lived (if at all), so you might want to wait for a big...

FibonacciDiPisa

Appears as though VIX is about to start heading upward instead of down. We seem to be right at the threshold with the lows are getting higher and the highs soon to be getting higher as well. This makes perfect sense with the estimated timeline of financial crumble in February/March.

FibonacciDiPisa Updated 

Gold is just making out with that upper trendline, nasty. Time to short, but beware of a lot of support. That being said, I think we are nearing the max until next year, maybe even 2022 :/ (I said it!) Predictions: 12-31-20 1885 1-4-20 1890 1-5-20 1895

FibonacciDiPisa Updated 

2020’s last push up, how far can it go with all the bearish sentiment starting to form? I anticipate us ending at 3720, basically right where we started…but perhaps some upward thrust continues to a higher end…not without resistance, of course.

FibonacciDiPisa Updated 

Uppwer trendline being respected so far with downward movement. Do we break it in usual end-of-year fashion or do we continue downwards? Potentially low-volume floating to come, question then is: do we test the next FIB or even the ATH level? Money Flow on 3hr almost reached 0 HA! Also gold went nutso but is now correcting. We will have to wait and see. Most...

FibonacciDiPisa

Top trenddline just blasted like a mother, not sure what is happening but some big money is making a move, be on close watch!

FibonacciDiPisa

Gold literally just went ape sh*t…thinking a massive dumping of ES is about to happen, beware!!

FibonacciDiPisa

Prepare to hit the upper trendline for a potential shorting opportunity. It is very short term, but could be a good pull if timed right.

FibonacciDiPisa Updated 

Long on gold very short term; anticipating another upper trend line testing and then back down. That being said, looking at 1880ish today, 1890ish tomorrow, and just shy of 1900 on New Years Eve. Best of luck to you, don’t go too long!

FibonacciDiPisa

Trend lines are converging for gold right at 1896. What will happen then is anyone’s guess. I am going with a flatlining at just over 1900 and a January finish of 1865. From there we head up again to cap out in February at around 1920 with the remainder of the year slowly heading down ending the year at 1700. Sorry to be Debbie Downer about 2021, but it is...

FibonacciDiPisa

Going down to the next Fib? Maybe if everything makes sense (which it never does). Predictions are as follows: 12/30/20 3713 12/31/20 3709 1/4/21 3704 1/5/21 3700 and then back up from there until a devastatiing drop in January to the 3400s, perhaps somewhere around mid month or inauguration day.

FibonacciDiPisa Updated 

I wanted to post a few upcoming days I think it is wise to just stay out of the trading game or, at the very least, use EXTREME caution. December 29th, 2020 - We have the last full moon of the year. The full moon usually amplifies whatever direction the market is headed; it could sky rocket up, or it could plunge to its doom. Most likely, it will be a bit of both...

FibonacciDiPisa Updated 

Maybe a dip today, maybe not. One thing is for sure: Dippin’ Dots, although they are frozen at sub-zero temperatures and molecularly change form, they still melt just the same as regular ice cream. That's a metaphor. We are nursing Dippin’ Dots on a sunny August day right now.