That "yummy vertical totally non bubbly" climb fokes x) Translated = Continue to watch this price action for short
more likely this will resolve up if breakout + flag but keep in mind that if the support breaks followed by a flag it's very likely to go down.
So much buying so little selling... Early investors will take home their profits sooner or later and that's when buying can't hold up against the pouring liquidity of selling. Technically you ought to realize a correction is needed here before more up, however It could go full IT BUBBLE retard mode and go through the roof right now, the only problem is that early...
Same view as monthly, A technical investor not driven by emotion/gambling would never enter this market right now. If prices move to 10k, then a complete exhaustion would be expected one which decline will be a nasty quick 90+% so then there is no guarantee you would be able to take profits. If prices move north of 7k then we could go as high as 30k given the fact...
What will happen? interesting Log approach. Overbought (RSI21) + 2x Div
If you want to maximize yield you should pay attention to the main hedge to the DJI = GOLD When GOLD/DJI down --> Better to have money DJI (stockmarket) When GOLD/DJI up --> Better to have money on spot GOLD (ETF, physical 5-10% of Yield buy/sell) How u choose to distribute that ratio is up to you ofc. If you have all the eggs in one basket and are wrong...
Dxy is also ready to turn on 4h timeframe 1day timeframe is long Could go down a bit lower but a change in trend from 1260 now seems to be stable
1h 3x macd div 2x rsi div 4h timeframe stoc --> down daily correction + more up stoc -> up
high % Correction down -> more up & depending on success with fed QT, Trump tax plan etc we may see a huge move late 2017/early 2018 and forth. The priceaction which followed the breakout of the 7y resistance line was indicating a start of something big in the precious metals... Look at closer time intervalls to time in a buy or short at 1295-1300 depending on...
Lots of divergence - Market is not buying FED policy fully... Dollar devaluated 20.2trillion dollar debt