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.
One sure thing i have gleaned from this wicked world is that Government are the most dishonest and lying entity on the planet and the masses are always deceived initially. Now the markets - Looks like a possible minor Wave C bounce has started, although this could fade...whatever the outcome, a major Wave C down will come when this bounce exhausts itself. So...
My simple analysis shows weakness in the bounce. Uptrend is broken and selling should resume, longs need ultra caution. The package or gift from the Cabal is not enough to shift the mood. Gold and silver are your haven...God will show his hand soon.
Wave 3 down looks complete. Wave 4 up has likely started as the severe panic move peters out. This wave 4 up could be violent as shorts cover....then wave 5 down which can go to new lows but only mild. Over the cliff is coming down the track for sure....but not quite yet.
Markets are not interested or responding to pea shooter injections and are in danger of an off the cliff event to produce blood. Only then will the Cabal come in with both hands...how far it drops is impossible to say. US dollar has much further upside potential....world bailouts and QE will run into hundreds of trillions and perhaps quadrillions. The effect of...
A clear five waves down are in place. Selling has found support at channel trend line....potential bottom action. Shorts should be cautious!
Gold holding despite the ramp and short cover of the markets.
Gold on the 4hr is off support and holding....wave 3 up is coming.
Possible bottom on the futures at 2924...taken long side at 2935.
Daily shows downtrend line broken today......gold is also breaking out....confirm with volume.