kaotic363

kaotic363 Updated 

Similar pullback pattern developing which should take the $SPX to new ATH in the coming weeks. As long as the long term technicals remain bullish, then buying pullbacks is in order. Trade war talk is just that. Lots of bears on this case but SPX only dropping 3% on such news doesn't resemble a bearish omen so far. Looking to take longs via ES futures shortly. PT =...

kaotic363 Updated 

Number of factors set to influence Platinum for the month of March: - Double Top Resistance at $880 - RSI tag of +70 on the daily chart, momentum exhaustion - Seasonal Bearishness starts end-Feb/early-March and completes until end-March/early-April - Expiration of NYMEX April Futures Contracts, expected producer selling up until first notice day - Continued...

kaotic363

When the Squeeze momentum starts to get into the negative 20 to 30 range, a major low in the $SPX -3.09% presents itself. There could be a quick plunge down to 2575-2625 area but personally I have already started to scale into longs and will keep on adding on each 0.25% lower.

kaotic363 Updated 

Seems like a very good opportunity with excellent risk/reward to take long Silver right here. Target up to downtrend resistance of $17-17.25 range so good for about $3/oz upside. Should silver break decisively over $18 then there could be much more to the long side but one step at a time...

kaotic363 Updated 

Looks EXACTLY like the December 2015 / January 2016 action in gold. Massive imbalance in the COMEX COT readings along with Ping-Pong price action by the Gold Cartel aka Bullion Banks / Wall Street just prior to LIFT-OFF (i.e., shaking out of all of the weak shorts and weaker longs). Getting VERY LONG Gold Futures in anticipation for a move possibly up to $1400 by...

kaotic363

Breakdown from defending triangle and once $1200 breaks, $gold looks to dive quickly to $1000. Perhaps a minor rebound this summer to $1270-80 range before falling further. Should $1000 support give way in a decisive manner, then look out below. Could then head to $750 before consolidating in a long-term price range of $400-500. $Gold just has a really bad feel to...

kaotic363

Bear cycle is coming to an end but painful corrections take time to heal. Likely some further consolidation and chopping around before a meaningful move happens. Don't make any mistakes about it though, BTC is in a major long term BULL and adding on any deep pullbacks is my personal strategy.

kaotic363 Updated 

BTCUSD going through same consolidation period as the one from July (Worries over hard fork). Pattern now is reflected on correction from China ICO/Exchange Ban and JP Morgan "Fraud" statements. All of this allowing big banks and funds to establish positions from lower prices . All of this of course is MEGA-BULLISH for BTCUSD. Once the breakout from the box...

kaotic363 Updated 

LTCUSD looks ready to break out over major resistance of $55 soon. Could fall back into the triangle but confidence is high of a major swing break higher. $100 LTCUSD before the end of the year wouldn't surprise me. Adding to LTCUSD holdings on the current breakout. Also adding on subsequent pullbacks..

kaotic363 Updated 

Chart explains itself clearly. Mega Bullish from mid-June consolidation period. Adding to existing long-term, non-traded BTCUSD holdings on the breakout pattern tonight.

kaotic363

A few interesting bear cases developing as of the close of this week: 1.) Breakdown confirmed below triangle 2.) Weekly PMO is now on confirmed SELL signal 3.) Breakdown below early May 2017 support gone now Seems like a retest of the December 2016 lows ($1122) is in sight. Expect a rally back to $1175-$1200 in late-July / early-August before a major downdraft...

kaotic363 Updated 

Taking a long entry here as XAUUSD setup looks very similar to last year. May weakness followed by extreme strength through June/July timeframe. Target is $1325 up to the current bull high of $1375. May hit $1380 to trigger buy stops before correcting again for the Summertime. Exciting times...

kaotic363 Updated 

A few interesting points about XPTUSD and why it might be time to look at long positions: 1. 7-Year cycle in XPTUSD is bottoming out right now. 2. We are seeing a backtest of the initial breakout similar to what happened in 2000-2001 3. XPTUSD production is going to see major cutbacks moving forward from South Africa 4. Above ground stocks are winding down which...

kaotic363 Updated 

The symmetry between gold's movements today and from the mid-1970's through the mid-1980's can't be ignored. At the current juncture, with gold heading down from its early-July highs, we could very well see gold embarking on its Point 6 terminal down to $1000. Thereafter, gold could meander and consolidate between $1000 and $1350 for another 10 years.

kaotic363 Updated 

Once gold broke its topside resistance in early February of this year, the 400 EMA (on a daily basis) has provided very strong support. In June, prices tagged this level and price began to rally in earnest. We have again tagged this level last Friday and the $1250 area is now showing very strong support and physical buying interest. For time being, we have to...

kaotic363

Daily MACD is turning down and we are right in the grasp of the usual seasonal correction time period. It would be very healthy and constructive for gold to correct down into its 200MA by the end-March / early-April timeframe and begin to move higher again from there. This could be a very similar replay of how gold started its last major uptrend in early-2009.

kaotic363

I decided to get together with a mathematician friend of mine who is a long time aerospace engineer by trade. My friend has no inclinations about gold or stocks in general. I mean the guy owns 1 house, 1 car, 1 dog and has the rest of most everything (in cash) stuffed away in US Treasuries. So I thought he would be the ideal person to have a look from a neutral...

kaotic363

Not much has changed since our gold correction commentary post on the 10th except that gold had spike up to $1263 on Thursday after global equities weakness and continued fears about European banks. The fib retracements have stayed pretty much the same except now moving up a bit. For the most part, our analysis has not changed as we still anticipate a move lower...