offsetfund2

offsetfund2

Target $92.50. Energy has been accumulating for a $dxy rally for the past month.

offsetfund2

Took a bit longer than I anticipated, but the move up to 1875 has started.

offsetfund2 Updated 

Super quick update: at the moment of make-it or break-it for this symm triangle. See previous analysis for targets...

offsetfund2

Don't have much time, just wanted to point out that sell volume + inability to establish higher lows = confirming the turn

offsetfund2

$dxy at established long term weekly/monthly resistance here, as I've highlighted previously. Real Vision ppl believe Dollar's skyward bound. Hard to see that happening outside of a blow-off-top-kind-of-scenario. For now, in my book, its The Hoarders vs the Printing Machine. Smackdown time is coming, sooner or later.

offsetfund2

A broadening wedge is leading silver upwards towards $17.30, at which point I will close my daily long (unless my stop loss at $15 is triggered first) and wait for weekly higher lows in price and rsi.

offsetfund2

Here's how I see this playing out, at least until $1876 (h&s target). More later...

offsetfund2

As with numerous tech stocks, $crm is presently in bounce mode...at least until the 61.8% fib retracement zone is reached.

offsetfund2

With the Fed in mega-print mode, it appears $dxy is searching for a weekly lower high as long term resistance - marked by the thick dark blue trend line - is reached. On the other hand, the upward parallel channel has yet to break. Stay tuned...

offsetfund2 Updated 

A weekly close above the black trendline would likely lead to a retest of dotted magenta resistance at $1011.xx

offsetfund2 Updated 

I will remain unconcerned with bearish KRAKEN:ETHUSD drivel until my support channel, highlighted in purple, definitively breaks down.

offsetfund2 Updated 

Presently retesting the underside of a clearly broken trendline. Retracement to .618 and/or .382 Fibonacci levels (magenta marked) would serve as a salutary reminder of where we came from.

offsetfund2 Updated 

We anticipate a right shoulder completion no later than end of q3 2019, followed by a move down to the solid black trendline illustrated in our previous post (1985 to present). Eventual weekly chart target: ~$138.

offsetfund2

We require a weekly trend change to invalidate our bearish thesis for equities. In our view, a follow-up Fed rate cut will amplify existing global macro concerns.

offsetfund2

Expanding upon my last published platinum chart by zooming in a bit. Conservatives may wait for a daily close, with confirmation, above the dotted blue trend line.

offsetfund2

Beautiful chart. Nice base of support and gaining momentum - with strong potential for upside (9-month first target: $1070); else, exit @ $797.

offsetfund2

If/when gold breaks through the line of blue resistance, anticipate a move up to $1550-70. In the meantime, the accumulation of energy continues...

offsetfund2

Adding to short position up until 3k. Such broadening patterns are more common at market tops than bottoms.