m1>m2 this is contango --- short(VXX) or long(svxy) m1<m2 this is backwardation -----long(vxx) or short(svxy)
At this point in our market we MUST use TA and Time to properly manage risk. With a wedge forming on the 4hr i wouldn't be surprised if the feds cut rates when it is the chart says so. trump has a week to make this market go above 3k one more time. in volitile markets we can squeeze one more top out of it to reach a total of 4 tops. This is it guys. save some cash...
this is pretty tricky and im suprised gold hasnt shown its face yet with the current position of the spy. where will all the money go? is this how they retain the value of the USD when most are expecting a decline in the price? could this spell trouble for those not investing in solid assets like the housing market? hopefully gold will go parabolic before then....
I will be using this chart for major breaks to get an idea on the direction of the market. hold cash until a downtrend shows its face. then participate in the greatest bear run in history!
august 16th or so. if not then ofcourse somewhere around the end of oct. into mid nov.
This chart will give you a perfect example of what is likely to happen, If its on the front page of tradingview, it likely sucks.
here you go. this is the similarities i see. good luck man.
Please provide a meaningful description of what the fuck ur chart says. NAWWWWWWW
miss out and cry later.
Pretty much just long $JNUG and watch $OILU for potential moves early morning. mostly watch USOIL for drops and long JNUG
WATCH OUT! remember your reverse wedges for tops and bottoms. trendline TA no oscillators. just major crosses to show resistance.
I see a trend shaping in a similar pattern but this difference is the slope is almost double what it was before. unless this pumps out of no where in makes me think bearish in a mid-time frame. X>6months