It is hard to technically analyze a market as manipulated as precious metals are. Every day they are bought up in the Asian/Euro markets and slammed (8:30am EST) almost without fail. Ive been watching the metals markets every day for the past decade and I have not seen manipulation this blatant since 2011 (silver take down from $49). The difference today is...
These rising wedges typically do not end well. The MACD is tired and looking to roll over. Lets see what shakes out. Daddy needs a new pair of shoes
Next week should give us a weekly TD 9. Equities are in the process of finding a mid term top. I expect Vol to spike in the next few weeks to come.
WTI has had an explosive run the past few weeks. It will continue but a breather is needed. 618 fib and top of the BB will provide formidable resistance. Looking for retrace to the .5 or .382 demand zone.
Rising silver prices have reach their final destination. Chickens across the country are pissed!
People, governments, and yes markets suffer from delusions of grandeur. This market it about to turn from the little engine that could, to the little engine that just got ran over by the neighbors F-150. America! The land of the free... ish markets! The markets are forward looking. The market correctly priced in the first phases of the ending of quarantines. ...