PaulDeep19131

PaulDeep19131

Volatility has certainly relaxed somewhat this week and has allowed the VIX to undergo a much needed corrective wave downwards, however, can we really say all is clear and volatility is over? History and trend analysis tells us that sometime in the weeks ahead - likely anywhere from near Easter or after Easter, that volatility should return sharply and coincide...

PaulDeep19131

Hello traders! Next week will be extremely crucial for where Gold is within its movement cycle. A lot of people do not realize that Gold acts on cycle highs and lows as I posted about in my previous ideas and doesn't just move randomly off headlines. We have three major scenarios as follows: 1. Current Levels to a Major Correction 2. Current Level --> 1645 -->...

PaulDeep19131

Hello traders! While I certainly expect a significant wave 5 downwards sometime within the next month or so, we must be cognizant of the fact that we could rise to the 2792 gap close level before this wave 5 begins. We have not had two consecutive down days as of late and therefore, although wave 5 is still valid, it has not begun yet. I suspect that OPEC will...

PaulDeep19131 Updated 

Occasionally, news can give us an indication on which Elliot Wave we are undergoing and according to Trump (whether true or not the algos surely acted), that Russia/Saudi's have agreed on a cut of 10 million barrels. This likely confirms a wave 4 corrective up upwards that will linger for the next 2 to 3 weeks overall, to roughly the 40 dollar range where there...

PaulDeep19131 Updated 

Hello traders, Despite the latest 2 day rally in Gold off the backs of equities rising and record jobless numbers from the US, the overall trend does not change. While this remains an excellent swing trading market, this is not the position to open indefinite longs. The sharp drop to the 1400 level sometime later this month still remains. The US dollar is...

PaulDeep19131

Hello traders! This idea is pertaining not only to Zoom Video but also stocks like Peloton and to some extent Netflix, although not to the same impact as the aforementioned two. We have seen a handful of stocks run up as "staying at home" is the new normal for now, however, for those who have lavished in the profit from stocks like Peloton and Zoom Video, it is...

PaulDeep19131

As previously noted, the US dollar will commence its run to at-least 105, with a possible over-extension to 110. The importance of this is that equities will be unable to have a meaningful and sustained rally, Gold and Silver will fall and Crude will likely fall to 15 which will create a circular schematic of pain around the market. The timing of the end of...

PaulDeep19131 Updated 

Hello traders! Sometimes the market can trick us and no one should ever believe they can ever predict the markets 100%. Today, the market took a low probability upside move today which I pinned at under 25%. Futures meandered around and so did the "news". Today, people are "blaming" the upside move on China's repurchase program early this morning with dumping 50...

PaulDeep19131 Updated 

Hello traders! As shown below, I was one of the early few to post about the fact that the recent pump in Gold to 1640 was entirely a complete fake-out. Meanwhile, many traders were expecting new highs. This post will be a re-post to help fellow traders to know whats coming in-case they did not get a chance to see my prior idea. I will refrain from repeating...

PaulDeep19131 Updated 

Gold and Silver (but more can be more profoundly seen in Gold) act on roughly 4-10 week cycles (with an average of a bottom hitting on about week 7-8 and lasting until about week 10). This environment is no different, however just like equities, we have seen some voracious snap-backs and pullbacks, but neither of which will alter the course of Gold and Silver. ...

PaulDeep19131 Updated 

Hello traders! I believe the DXY is in a final run-up to several year highs with one caveat: if the DXY can break 99.250 then the dollar will breach into the 105-108 range before topping out within the next 1 or 2 months (likely before the end of May). In what I believe will be the final run for the dollar, equities will likely form one more leg down and Gold...

PaulDeep19131 Updated 

We will re-test the temporary bottom next week. If this fails to hold (which it likely won't hold as "the" bottom) big trouble lies ahead. Does a 13% bloodbath on Monday loom yet again? Its possible. -- It's becoming a broken record but it appears another sharp sell-off on Monday and for most of next week will hit us square in the face. For the past two...

PaulDeep19131 Updated 

Just like Gold, I am expecting a sharp decline from what has been a rectangular consolidation zone. It is possible both Gold and Silver, especially Silver gap down on Sunday. While in the long-term I am extremely bullish on both Gold and Silver, with a likely re-test of the lows in equities - and possibly another new lower leg - precious metals will sell-off for...

PaulDeep19131

Hello traders! I continue to expect another significant wave down in world equities as per my consistency across my ideas. While it may not happen all at once, the main trend is one more wave down to at-least test the gaps across virtually every index/ETF/stock from March 24th. While the level on March 24th should bring about some support when we close the gap,...

PaulDeep19131

GDXJ failed to close above a key resistance level of $30.70 on Friday and it is highly likely that for the month of April, the miners (and Gold and Silver) have topped. At this point if you follow my ideas, Gold will sell for liquidity in the near-term for the second wave of the downfall of equities. Investors should remain totally on the side-lines for the...

PaulDeep19131

For those who have been following my advice you would be fairing quite well. In-fact if we go back to when the SPX was near 3280-3300, I hinted that a large sell-off could be lurking in the woods (unknowingly at that time how much and the cause). If you look back at my ideas when the markets started tanking, I specifically told people not to touch the market for...

PaulDeep19131

In my last idea I noted that we would see a hefty relief rally and for those who read it soon enough, you would have caught the nice pop! In the near-term I am seeing some "disturbing" signs that the market is very close to re-testing the lows that we previously have made, or, form another leg down. At the very least, it is 99.99% certain we will come to test...

PaulDeep19131 Updated 

Today is more than likely the START of a large corrective wave upwards . While yesterday was certainly a big move-up, one could not confidently invest after just yesterday's rally as snap-backs are inevitable in bear markets - the biggest snap-backs in history are indeed in bear markets. Currently we are due for a corrective wave upwards, and today was likely the...