damoonmotamedi

damoonmotamedi

Oil has a huge inverse head and shoulders. Weekly close above the neckline and $80 is the target!

damoonmotamedi

Oil is heading to $54.50. It is a good long opportunity!

damoonmotamedi

Russell 2000 broke out and has another leg up. Money is rotating out of QQQ into IWM.

damoonmotamedi Updated 

IHS is in play and IWM will head higher!

damoonmotamedi

Gold is ready for another leg down to $1200. Only close above $1228 level proven differently.

damoonmotamedi

H&S is perfect in gold and it has already triggered!

damoonmotamedi

GDX is not even trying and shows huge weakness. More downside to come!

damoonmotamedi

GLD and GDX are weak and probably would get hammered with in next 2~4 days of trading.

damoonmotamedi

GDX is taking out cycle low and most likely sees heavier selling next week. BTW, Dennis Gartman is long Gold. (Go figure!)

damoonmotamedi

IWM READY TO POP TO ATH!

damoonmotamedi Updated 

IWM has broken the neckline of H&S to the downside. It is already the weakest index and the best bet for shorts!

damoonmotamedi

With IWM Strength we would probably see another leg higher.

damoonmotamedi

Russell 2000 is weak and you can use it as the hedge against SPY long.

damoonmotamedi

SPY is destined to melt up. Target is $245. (Have tight leash on your longs)

damoonmotamedi

Oil broke the neckline of a head and shoulders. Downside target is $37~$38.

damoonmotamedi

IWM didn't break $133.75 and now reversing to upside. Target of the move is $144~$145.

damoonmotamedi

This is tough pill to swallow! Best way to trade VXX is when it closes above 20MA. That becomes your support. If it closes below 20MA, just get out of VXX!

damoonmotamedi

Russell 2000 has been weak! If it breaks $133.75 level (closes below it on daily basis), Huge selling volume will appear instantly!