here is one scenario i think is quite likely a period of weakness then a face ripper rally to 4800+
here is what im thinking for todays morning move yield decline may also provide further upside
looking for a move up-- a sharp one good till the resistance region up at 35270
we're late but the setup is clearly to the upside expect 15800 sometime next week !
We approaching the last months of this year JPOW AND FED HAVE DONE NOTHING ABOUT TAPERING. IT IS IS CLEAR THAT HE WANTS TO KEEP HIS JOB TO REBUILD HIS LEGACY-- TO REPAIR THE DAMAGE HE CAUSED IN Q4 2018 No thinking about thinking about thinking about ... (ad infinitum) ... Raising rates What u get is a market that goes in only ONE DIRECTION
here is a scenario im looking at one nasty dip and then a rally to test the spring highs sometime next year
expecting a bit more to the downside, then upside 4510 is the projection
mongod has a nice inv. h&s. nice and deep base. of course, if tech rolls over again, mongo will not be immune.
this is what i see for gold. u can see the triangle in purple, maybe a scary move down followed by a strong rebound 2 the upside
expecting a head and shoulders to be forming and a sharp decline on september 1st ya heard if hear folkz
this short is working well expect it to fall till ~91 and possibly much lower
we can see the inverse head and shoulders forming should be in the low 70s soon after a minor pullback
you already know... only short dxy... dump dump dump..
rally could last till the end of the decade.. or more...
btu peabody ... is moving to 20 solely because of the wedge. after that ... who knows. but the $30 target is attainable now
this still has some downside to it we look to a move to 2200 and then a consolidation
THIS IS THE BULLISH FORECAST a slight dip on friday then a rally monday
expect a bit of consolidation and or chopiness for the next few days STAY NIMBLE STAY HEDGED