Svetul4o

Svetul4o

Stating the obvious here, but in the mind boggling number of indicators out there a lot of traders simply forget some of the most basic and reliable ones. Price movement contains most of the information from which other indicators are derived. Higher highs and higher lows. This is the most basic definition of an up trend and the first thing one should be looking...

Svetul4o

It seems that the 3 month long correction in gold may be at an end. The dollar decided to go diving today and as a result we have the first daily higher high close since the start of August. Technically there are a couple more hours until the market closes, but it is highly unlikely for it drop down and erase all the gains from today. A down trend line has been...

Svetul4o Updated 

After the big correction in September Silver seems to have found a bottom. Coincidentally the Dollar has found a top. It is important to understand that in a bull market gold and silver trade more like currencies rather than commodities and are massively influenced by the gyrations in the DXY. At this point Silver is above its 21 monthly and weekly EMA and the...

Svetul4o Updated 

Well, I hope everyone is happy about the new bull market in silver. Time for a breather though. The drop in the dollar that facilitated the move in silver and gold has likely paused for a bit. However, i do expect the dollar to continue down as the money printers are just getting warmed up and precious metals and commodities in general have a long way up. What...

Svetul4o Updated 

Despite the bottom dropping out of the dollar in the last week or so doctor copper seems to be stuck. A close below the current level on the daily chart will likely lead to more downside. This would also be a good indication of where the rest of the market is headed. Not trading advice. Just some more brain farts. Enjoy :)

Svetul4o Updated 

They say that the Bond market is forward looking. It's a shame that a lot of people don't bother to look at bonds and instead prefer to draw lovely lines that quite often turn out to be quite useless. Around the 20th of January the 10 year yield broke a 5 month trend line creating a divergence with the S&P 500. A month later the issue was corrected with the S&P...

Svetul4o Updated 

The US 10 Year Bond is probably the most watched metric used to determine the health of the markets. A drop in yields denotes fear and all risk assets are being sold off. The current chart for the 10 Year Bond looks pretty ugly, but it might make the bears quite happy. We are in a giant descending triangle. The formation within the triangle is a very ugly topping...

Svetul4o

This is not trading advice, nor is it educational. Therefore don't read it and just go do something else. This is a chart of TSLA and I'm using it to make a point. Do not fight the trend. This may sound like the most obvious thing and yet the majority of failed predictions from "analysts" on this site are ones against the current trend. Anyone who has shorted...

Svetul4o Updated 

Ok. This is not investment advice or anything of the sort so don't even bother reading the rest of this post. Silver has been along with everything else in a strong uptrend for the past months and whilst Gold has managed to break it's shackles and fly into a bull market Silver is still bound by two major resistance levels dating back to 2014 and a more recent...