Sometimes perfection is needed before reality strikes. Sunday past I warned of a Red Flag situation as disbelief that a depression is coming. Yesterdays mauling was exceptional and brutal...a violent plunge. Extreme negative breath is your key to what's unfolding. The ABC is over and major Wave C down is upon us. This wave WILL be a crashing decline below the...
The market is very overbought and believed, but it ignores reality. Bears were mauled again on Friday and the wedge was blown up by the shorts. Many are calling ATH for these markets and this could happen. Often, capitulation is met with a turn or very close. Fridays high was met with selling, let's see whats next. Disbelief that a depression is coming will be...
Imminent topping action is occurring. A firm close below the lower black up trend line will confirm. Alternatively, the current price is extreme and a low risk short entry. We can see the rally is squeezed. Is there some black swan event coming to trigger the break? A clear ABC is in place...a powerful WAVE C down will take stocks below the March lows.
Bear market behaviours are to bring us all down. Just when it appears the bulls today are unstoppable, the all clear signs are waved and some more capitulate. Hold off on using all that ammo and patience will be rewarded. Sub minor wave 3 looks to have topped and a small correction is coming, final wave 5 top is getting closer to the ultimate conclusion....
Silver is playing catchup with gold. Beaten down in March to insane prices. There are roughly 15 times as much silver on this earth as gold. Today the price manipulation is 98:1...staggering! Reality will hit the markets and chaos will reign supreme. Wave 3 could halt around $19...but can easily overshoot or explode higher. A further target minimum of $25 should...
Grinding higher to resistance 25800 ish....minor wave 3 up can stall here. Minor wave 4 down to be followed by one last minor push, wave 5 top! Belief is back and no worries here, they think. Divergences are growing. Once this market shows clear indication of exhaustion, an ABC completion and topping action...we will have one of the greatest shorting...
Continuation of upward trend should resume soon. Last week saw a premature gold breakout fizzle as the indices soared. The trigger is coming.
Gold supported at the red line coupled with a bull flag continuation pattern. This is extremely bullish and a break of the upper declining line will confirm. They can print the stock market but not gold or silver. Tens of thousands per ounce can come to those with patience and control. We are living in an engineered reset.
Optimism soars as miracle cures for the economies spread....shorts cover. Bulls not going down without a fight as the final minor wave C unfolds. Humpty Dumpty had a great fall...can the FED put it all back together again? Not for the extra 40 million out of work in the U.S and climbing...suicidal and engineered. One market that will prove the deceit is precious metals.
Gold has clearly broken out of it's compressed pressure. Will take more than a needle to burst this coming monster. Support is a chance to enter for those who opted out...give or take some. Goosing the markets does not fix the declining economy...gold & silver are real.
Just waiting for a catalyst or excuse to break the pressure. Economies begin opening up as the market begins other ideas. Sideways moves always break decisively, it's overbought and over believed to be true. Trust has evaporated along with dreams and futures...what will THEY do next? Gold can answer.
Gold is getting close to completing it's wave four sideways move. High probability of an upward breakout coming. Wave fives in precious metals are the most DRAMATIC! What is the coming trigger or catalyst to propel gold so violently... An out of the blue event?
30 Million added to the U.S scrapheap and probably going over 40 million. Reality is dawning on the severity of the coming economic destruction. Longs should exit. Major wave C down will be brutal, swift and sudden...taking no prisoners. The Fed is NOT going to save these markets as the black swan of truth hits!
From the lows we have minor A,B and now it's C up....can go higher. Bear market behaviours are classic in wrecking emotions. Timing and patience are key as well as strict money management...don't over extend your account. Minor B must hold for the bulls, otherwise it's bear confirmation. Sell in May and go away?
There are growing divergences as breadth and volumes wanes. Bulls will be sure the worst is over as longs are lured back into the market and shorts are driven out...that is the nature of the bear market. This market has gone sideways since the 9th April....fooling and twisting, any solid close below 22800 is confirmation...bulls must hold there.
Futures soar as another 5.25 MILLION are added to the scrap heap. There should be a buyer for every seller but we are seeing a lopsided equation. Whatever black swan is coming - These manipulators will goose you right up to the end.
Momentum waning as gold smells blood...the show must go on!
Despite the stock bounce, Gold is strong and headed higher. The coming Wave C down in stocks is close at hand...this collapse will behave different from March as Gold will RISE instead of falling. Of all times - This approaching Easter and beyond is God's time.