TradeUpCards

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Well, got stopped out yesterday, but reloaded heavy shorts again. Looking like we just finished ABC retrace. Lots of things going on here, but mainly looking at Green TL which is the major bull TL from 2009 lows that also supported lows in 2012, 2016, and 2018. A weekly close below that is very negative as it will also be a weekly close below 200 week MA. If...

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SPX failed to break the downtrend and was also rejected by the 20day and 9 day. I expect us to head to the lower BB again. Weekly candles also suggesting a trip to the 2370-80 area to pierce that BB. I went heavy short the market with SPXS shares and calls, TZA shares, and SPY puts. Stop if we move above 20day or TL. With oil meeting kick the can going on as...

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Consolidation complete. IHS and bull flag suggesting another leg up. Targeting 17+. Would love to see test of last month's highs above 18. Gold looks like ready for a 1450 test, possibly even as low as 1413.

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We got another reversal confrimation today. Like gold, we are heading for a lower low on this pullback. I'd expect to see 15.8-16.3. Invalidate this position if the recent high from yesterday is taken out.

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Looks like a top is being put in. Nice reversal candle forming today. RSI resistance held. Back to 1485. Invalidate if yesterday's high is taken out

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Looking for right shoulder to form on 1hr. Neckline at 18.14, below that would like to see 17.5 PT. Invalidate if new high made. Tight stop on this one

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Held 200 day range nicely, back above 9 day. TL support and volume increasing into bell. Looking for another leg up on this soon to 7+ invalidate with 2 closes below 200day or breach of 20 day.

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Descending wedge and RSI divergence. US10Y ready for a bounce. Maybe 1.8....Invalidate if new low is made. Hence gold/silver will suffer during said bounce

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Had a clear evening star on weekly candles. We could see some dollar strength next week if Euro GDP #s are terrible, but in general, trend is down for DXY. Looking for retest of 96. SL would be this weeks high.

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Looking at EW and symmetrical length legs, I see gold rallying above 2017 highs and getting back to upper 14xx's, even low 15xx. Invalidate if we go below 1300 again.

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We've been consolidating in this range for awhile. Bullish set up showing. If we clear June high of 1296, it should bring 1326-1346 into play. The bull flag over last few weeks sets us up for 1330ish TP. The monthly shows TP in the 1326 and 1346 areas. Invalidate if last weeks low is taken out.

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Looks like we are close to breaking long-term resistance on monthly bars here. I'm looking for a quick run-up in June, with continuation in July. First TP is $135x, but if that give way we could see ramp into $14xx very quickly. I think crypto is keeping a little bit of a lid on PMs right now, so if that trade starts to wane, it should also add fuel to PM...

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JNUG has successfully backtested the previous TL and is forming the handle of cup and handle pattern. I expect continuation around $2 (pre-split). That translates to $8 now. TP is $30 (previous TP was $27 so I still may take some there) Invalidate if previous TL is breached.

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The similarities to the move from last year is pretty recognizable. We consolidated around 7-8 and have moved up to 12. This year is a little higher than last year, but I see us in wave (3) of (5). Wave 5 should take us back to 17-18.5, filling the gap at 16.52 (highlighted by red arrow). I hesitate to say it will be exactly like last year, but so far, the...

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Target is 118-119 Invalidate with consecutive daily closes above 123.25.

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Actually made this prediction before this last 1hr started, but wow...that formed quickly TP 1 is 1.077

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The inverse h&s neckline is being tested in the handle right now. A brake of green descending TL from previous range would give immediate TP of 1.03 (top of cup). IHS extension target is 1.15. With break of 1.03, I expect a move back to bottom of range from 2014 at 1.24. Longer term, cup & handle extension would give 1.64, but that would require a massive move...

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If 2.3 is breached (and neckline of h&s formation), then expect all those post election gaps to be filled all the way down to 1.85. Invalidate with daily close above RS top Should coincide with USD drop and gold rally