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Monday,April 8 th.

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  • Monday,April 8 th.

    mkt not far from ATH... many been talking about 2900 and ATH recently... key to realize is IF we really run to ATH, what will happen to key mkt indicator a while ago such as $NFLX which is yet 60 pts away from its ATH at 423 AND been consolidating for 2+ months... big picture...

  • #2
    anyway, we WILL see ATH on this mkt run but a gapping up bold top big green candle with gaps below unfilled on $SPX weekly chart is FIRST time since last July... this says enough about mkt strength... also weekly 5ma about to golden cross weekly cloud top....


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    • #3
      Gold is UP 11$,Oil is up 0.85%.BTC is 5200$,on the way to 5900$

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      • #4
        $nflx leading mkt from Dec low. since then has failed nearly 20 times at key 366 & been consolidating for 2+ months... now key is 366 371 but threshold is 381 level.... above 381 will be DRAGON of mkt again... before that happens it's nothing but worm eating up soil (premium)...

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        • #5
          looks like ES NQ won't do anything big/significant before 1pm this afternoon.... may see range move at best for a few hours....

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          • #6
            Futia:

            http://carlfutia.blogspot.com/

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            • #7
              Fear & greed:

              https://money.cnn.com/data/fear-and-greed/

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              • #8
                A current Bitcoin price:

                https://www.google.com/search?q=bitc...hrome&ie=UTF-8

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                • #9
                  A lunar red period should start around today.

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                  • #10
                    THE most important reference/indicator for mkt now is $AMZN .... if AMZN pops up big, mkt may run to or actually see ATH.... if AMZN doesn’t run, we’d wait for a few more weeks.... IF it runs, key level 1845 1855 1871 above 1871 threshold can accelerate to 1884 1902 1915....

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                    • #11
                      Originally posted by Jim View Post
                      A lunar red period should start around today.
                      It may help miners to rally for 2 weeks.

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                      • #12
                        $VIX up 7% but weekly 5ma positioning very ugly downwards.... see if we see a drop to 12 this week....

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                        • #13
                          Silver is coiled in the tip of a falling wedge, which upper limit it just touched today. Lots of compressed 'steam'.
                          & In gold there is a multi-week h&s formation that now is
                          Click image for larger version

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                          about to fail w/ short squeeze for the many who took position acc to it..

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                          • #14
                            mkt may see intraday bottom already on this morning dip....

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                            • #15
                              Gold & silver:

                              https://twitter.com/AdamMancini4/sta...35753099956225

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                              • #16
                                ES 2891 level very hard battle between bulls and bears.....

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                                • #17
                                  I'd guess the market goes sideways for several weeks from here. After 3 months of steep down followed by 3 months of steep up lots of traders buy call or put options (depending on if theyre bull or bears) expecting more sharp moves, then market instead goes sideways letting all of them expire worthless whereas smart money buys iron condors or butterflies..or sell options.
                                  I.e not up due to bad economic numbers emerging, and not down because of the Fed is about to ease.
                                  Market does what will hurt the most traders
                                  Maybe all the action will come in commodities instead?
                                  Last edited by Trond; 04-08-2019, 11:46 AM.

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                                  • #18
                                    $AAPL Daily: #AAPL as previously indicated ST AAPL techs looked very bullish. Initial purple resistance was taken out & Apple now back to the more critical magenta resistance. What happens here is key. #APPLE #Tech #Technology

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                                    • #19
                                      $GE Daily: #GeneralElectric broke major supports. Stochs made an uncharacteristically low high (usually very bearish). 200MA resistance was too formidable. MACD about to cross centerline... massive piercing of Lower BB w/ sharp reversal too... #GE is in serious trouble here

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                                      • #20
                                        Daily $DB : had one final backtest rejection of B & is now gaining downside momentum. Early indications that 7.75 low probably will not hold... #Deutsche #Bank #DeutscheBank #financial $Bank #banking #DB

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                                        • #21
                                          #Boeing Daily: $BA like I said, that Upper BB looks like a guillotine . Now you understand just how powerful it is. With Lower BB starting to flatten, this could be setting up a quick 13MA/BC bearish recross. Still too early, but either way this looks ugly #BA #Dow #737MAX

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                                          • #22
                                            Interesting

                                            Fullgoldcrown
                                            I got this email from Mike Swanson , an analyst of some note.

                                            A Key US Dollar Index Indicator Has Now Triggered (Profit Pivot) – Mike Swanson (04/08/2019)

                                            We are heading for a fascinating moment in the markets. Right now people are happy that the stock market has been rallying since Christmas and all CNBC talks about is what the stock market is doing. Gold is up this morning and they won’t say a word about it even though mining stocks have been among the top sectors of the market since October 1st crushing the performance of popular stocks like Apple.

                                            But something much more important is lining up in the currency markets that will cause an explosive rally in gold before the year is over.

                                            Take a look at the US dollar index and how the 200-day Bollinger Band width indicator on the bottom of this chart has collapsed and flat lined.



                                            What this indicator is showing us is that the volatility in the US dollar index has shrunk to nothing. When that happens in a market it leads to an increase in volatility – which means a big move.

                                            The US dollar index has been churning in a range with $98 as resistance and $94 as support. When it breaks that range it will make a big move.

                                            A close below $94 will mean a breakdown and the start of a new decline.

                                            Since gold tends to trade opposite to the US dollar look for gold prices to explode to the upside on a US dollar close below $94.

                                            There are a lot of reasons to think this is going to happen in the coming months.

                                            I’ll just give you two today.

                                            Last week Larry Kudlow – Trump’s economic advisor – got on CNBC and demanded an instant 50 point interest rate cut from the Federal Reserve to force the stock market higher.

                                            Then on Friday Donald Trump said that he would like to see the Federal Reserve begin a new QE money printing program.

                                            Such statements tell us where things are ultimately headed and will cause foreigners to get out of the dollar as more money printing comes online.

                                            We’re not at that moment yet, but it’s coming. Trump wants to put Herman Cain on the Fed to yell and demand QE for him!

                                            In time the Federal Reserve is going to be lowering interest rates and beginning a new QE. It doesn’t matter if you think it’s a good idea or not – what matters is to keep on top of what is lining up in the markets.

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                                            • #23
                                              https://allstarcharts.com/earth-breaking/ Is Earth Breaking Out?

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                                              • #24


                                                $USD Daily: #USD B-wave too starting to confirm... MACD/Stochs both crossed bearish. Given how much further Lower BB is (note: below200MA), could be signaling break of 200MA now possible. If 200MA breaks confirmed rest of 2019 will be consolidation period... #DXY $DXY #FX #forex

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                                                • #25
                                                  Daily #NASDAQ : $COMPQ finally hit my 7950 target today, along with the upper yellow rising wedge resistance. If you notice, Stochs hit upper purple as well just where I expected 7950 to hit roughly. This week should be interesting to watch this play out... #NDX #NQ $NDX $NQ $QQQ

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                                                  • #26
                                                    $USDJPY Weekly: #USDJPY broke out from orange and backtested orange TL again today. Also backtested 13MA as well. So far no major signals either way, looks like its digesting the breakout ... $JPY #JPY #FX #FOREX

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                                                    • #27
                                                      $USDCAD Daily: #USDCAD this is exactly what I was alluding to last week. Both MACD/Stochs now confirmed crossing magenta supports and falling violently now. Lower BB also starting to roll over more. Something is definitely off here ... #FX #FOREX

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                                                      • #28
                                                        #GOLD Daily: $GOLD first hurdle of breaking out from 13MA happened today. Purple TL backtest happened intraday but no breakout as of yet. Stochs put in divergent bullish higher 2nd low. EUR & DXY are key for this to breakout to 1330+. Looks good so far #euro $GC #GC #GLD $GLD

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                                                        • #29
                                                          $EURUSD Daily: #EURUSD B-wave bottom finally starting to confirm today with 13MA breakout. Took a little bit longer than expected but looks like ABC confirming, 50MA ~1.131 needs to fail as final resistance before a quick breakout to 200MA can happen. #EURO #FX #FOREX $EUR

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                                                          • #30
                                                            NYMO:

                                                            https://stockcharts.com/freecharts/gallery.html?%24NYMO

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                                                            • #31
                                                              NAMO:

                                                              https://stockcharts.com/freecharts/gallery.html?%24NAMO

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                                                              • #32
                                                                Bitcoin:

                                                                https://stockcharts.com/freecharts/g....html?%24NYXBT

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                                                                • #33
                                                                  Natural gas:

                                                                  https://likesmoneycycletrading.wordpress.com/

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