priceprophet

priceprophet

*** Comments prior to evaluation summary *** Gold has been in consolidation for 10 weeks now on the weekly chart. This week generated a minor measurable even which could establish the low for the week of around 1727.67 while Friday (day chart) also indicated a desire to revisit 1760. Confirm that with a weekly minor measurable event trying to reach for 1784...

priceprophet

*** Comments prior to evaluation summary *** An enveloping bar formed in the market the week. This can have an impact coming into the new week. The envelope indicated a desire to move toward 43 - 45. As always this is dependent on if the strength and attitude continue. A measurable event was triggered on Friday (daily) indicating a desire to break for...

priceprophet

*** Comments prior to evaluation summary *** RUT generated new low in the consolidation range this week. An enveloping bar formed in the market on Friday (daily chart). This can have an impact coming into the new week. The envelope indicated a desire to move toward 1405 - 1397 which matches the week charts skipping target low of 1389 So I would accept this...

priceprophet

*** Comments prior to evaluation summary *** While the week closed positive compared to the prior week. It failed to establish a new high. Also this week established the new low in the consolidation range before returning to the positive side of the range. This type of price action pattern generates a potential low for the coming week of 9754.34. The price...

priceprophet

*** Comments prior to evaluation summary *** On the weekly chart, SPX generate a new low in its consolidation range this week. An enveloping bar formed in the market on Friday (daily chart). This can have an impact coming into the new week. The envelope indicated a desire to move toward 3070 - 3052 which matches the week charts skipping target low of 3057. ...

priceprophet

*** Comments prior to evaluation summary *** An enveloping bar formed in the market on Friday (daily chart). This can have an impact coming into the new week. The envelope indicated a desire to move toward 25607 - 25443 which matches the week charts skipping target low of 25509. So I would accept this is a double confirmation of potential low for next week....

priceprophet

*** Comments prior to evaluation summary *** This weeks price action generated a projection readjustment signal to lasts weeks projection. The new projection is bullish (last weeks was bearish). This was generated because of the rapid selloff in the financial markets last week. While still in consolidation, the major upside of the new projection is...

priceprophet

*** Comments prior to evaluation summary *** Last weeks price pattern generated what I affectionately call a 'skipping trigger'. A skipping trigger has the ability to point at two different price projections. One anti-trend price and one trend price. The new skipping trigger is indicating (as of Friday close and if strength continues) a desire to reach for...

priceprophet

*** Comments prior to evaluation summary *** The last week has generated an negative enveloping bar. Movement below 1349 the week confirms the direction indicated. Movement between the high and low of the week will allow for an adjustment of the general attitude/direction. Trend Analysis: The current trend is defined by the last price and it's relationship...

priceprophet

*** Comments prior to evaluation summary *** The last week has generated an negative enveloping bar. Movement below 9499 the week confirms the direction indicated. Movement between the high and low of the week will allow for an adjustment of the general attitude/direction. Trend Analysis: The current trend is defined by the last price and it's relationship...

priceprophet

*** Comments prior to evaluation summary *** The last week has generated an negative enveloping bar. Movement below 2984.87 the week confirms the direction indicated. Movement between the high and low of the week will allow for an adjustment of the general attitude/direction. Trend Analysis: The current trend is defined by the last price and it's...

priceprophet

*** Comments prior to evaluation summary *** The last week has generated an negative enveloping bar. Movement below 25078 the week confirms the direction indicated. Movement between the high and low of the week will allow for an adjustment of the general attitude/direction. Trend Analysis: The current trend is defined by the last price and it's relationship...

priceprophet

Trend Analysis: The current trend is defined by the last price and it's relationship to specific moving averages. Check the MA strategy for more specific suggestions. Daily: The relationship to the primary trend MA is bullish. The price in relationship to the other averages suggest long positions Price Action: Daily: The average price range currently is 25.60...

priceprophet

Trend Analysis: The current trend is defined by the last price and it's relationship to specific moving averages. Check the MA strategy for more specific suggestions. Daily: The relationship to the primary trend MA is bullish. The price in relationship to the other averages suggest close current positions. Price Action: Daily: The average price range currently...

priceprophet

*** Comments prior to evaluation summary *** On Monday June 8th, the index was 4.08 trade periods ahead of average trading. Generally when this occurs instruments either stall/reverse. After yesterdays reversal, the index is 1.165 trade periods (to the negative trend) of average trading. Trend Analysis: The current trend is defined by the last price and it's...

priceprophet

*** Comments prior to evaluation summary *** On Wednesday June 10th, the index was 3.5 trade periods ahead of average trading. Generally when this occurs instruments either stall/reverse. After yesterdays reversal, the index is .3 trade periods (to the negative trend) of average trading. Trend Analysis: The current trend is defined by the last price and it's...

priceprophet

*** Comments prior to evaluation summary *** On Monday June 8th, the index was 4.73 trade periods ahead of average trading. Generally when this occurs instruments either stall/reverse. After yesterdays reversal, the index is 1.0 trade periods (to the negative trend) of average trading. Trend Analysis: The current trend is defined by the last price and it's...

priceprophet

*** Comments prior to evaluation summary *** On Monday June 8th, the index was 5.6 trade periods ahead of average trading. Generally when this occurs instruments either stall/reverse. After yesterdays reversal, the index is 1.1 trade periods (to the negative trend) of average trading. Trend Analysis: The current trend is defined by the last price and it's...