Golds having a hard time getting through 2500. Geopolitical events has made gold very volatile add some inflation data. Gold can be a real mover. My plan here is to catch gold as high as I can to sell back into a value area. If I miss the sell I’m looking for buyers to get trapped. Sell a higher low and retrace the bull run down into 2450.
Late entry my eyes were on gold and the dollar, but what beautiful price action with a classic Wednesday reversal. Somewhat equal highs with price meeting in a significant zone. We are seeing a run down to fill the imbalance after a crazy run off from tech earnings that pushed the market to extend. Never buy high and FOMO into a trade there is always a new...
SPX has been on a great run coming out off the range weeks ago. Earnings from tech gave some great momentum to the upside. Now im expecting a lot of profit taking from the highs. I shorted 4211 from the 15m tf. Missed sells at the open, but im thinking Friday will be a great run on liquidity for those highs if support is held up around 4150.
AMC has broken a lot of downside pressure. The breakout yesterday respected levels and aligned with price action and the technicals. From the technicals I believe the short squeeze and push price above $10 if there is no manipulative news releasing.
Gold has been moving in a 10 point range. Missed the move this morning, played out how I wanted. Now price is pushing up trying to reach new highs of 1960 from last year. I think price can push past this zone of 1930 if more panic is spread through news of inflation continuing to rise and banks falling.
Price action retracing fomc move the first of this month. Looking for price to break down past 12k