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Monday,April 15th

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  • Monday,April 15th

    Mkt likely range move for a while.... eyes on googl AMZN for clue if any pop....Markets are flat,gold is down 9$,oil is down 0.70%



  • #2
    Oil:

    https://twitter.com/AdamMancini4/sta...79219432579073

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    • #3
      https://www.wsj.com/articles/tesla-f...6?redirect=amp Tesla Faces Deepening Criminal Probe Over Whether It Misstated Production Figures

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      • #4
        /ES Support remains 13 and 21 points beneath temporary highs (2900). Next upside targets at 2922 and 2927.Carl Futia.

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        • #5

          Ryan Detrick, CMT‏ @RyanDetrick 11m11 minutes ago

          April has been the best month of the year for the S&P 500 over the past 20 years. What is even more interesting is the majority of those gains started today.

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          • #6
            Poly on gold:

            https://twitter.com/BobLoukas/status...00038326046721

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            • #7
              SPX:

              https://twitter.com/WeeklyOptTrader/...97125016842240
              Last edited by Jim; 04-15-2019, 10:08 AM.

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              • #8
                Originally posted by Jim View Post
                Poly, still looking for that elusive ICL. If it was to come to fruition, I have to think the gold/silver ratio will make an all time high.

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                • #9
                  Gold: Everyone sees the triangle on the daily chart. Traditional EW would say that that triangle is either a 4th wave or it's a B wave of an ABC correction. If it's a 4th wave, then the triangle should be complete at today's low where it tagged the lower TL of the triangle. Triangles have 5 legs and the leg down that took us to today's low would be wave (or leg) "e" (of a, b, c, d, and e). If the triangle is complete and if it was a wave 4, then gold should head up from here, break the upper TL of the triangle and go on to at least double top with the February high or, more likely, exceed the February high. That's the bullish case.

                  However, I think the bearish case is more likely, and that case is that the triangle is the B wave of an ABC correction that began at the February high. The early March low was the end of the A wave, and the B wave triangle has been in progress since then. it needs one more leg up to tag or even slightly exceed the upper TL of the triangle. (Could also get close to that TL, but not actually tag it.) After it does that, the B wave triangle will be complete and the C wave of the ABC should unfold. Just eyeballing where the B wave might end and assuming that wave C turns out to be the same length as wave A (fairly common, but C could also be longer or shorter), then gold should finally bottom around 1236. If wave C is .62 times the length of A, that would take gold to 1262, and if wave C is 1.62 fimes the length of A, that would take gold all the way down to 1193.

                  So the thing to do IMO is watch the gold price as it approaches the upper TL of the triangle. If it breaks it and keeps heading higher, then the Feb high is a likely target, and probably even higher. If it reverse there continues lower and breaks the lower TL of the triangle, then 1262 is a minimum target and 1236 is more likely.

                  And finally, if today's low gets broken today or in the next couple of days, something else may be going on, and the two triangle scenarios may no longer be valid! ;-)
                  Last edited by pimaCanyon; 04-15-2019, 12:34 PM.
                  A human being is part of a whole, called by us the ‘Universe’ —a part limited in time and space. He experiences himself, his thoughts, and feelings, as something separated from the rest—a kind of optical delusion of his consciousness. This delusion is a kind of prison for us... Our task must be to free ourselves from this prison by widening our circles of compassion to embrace all living creatures and the whole of nature in its beauty.”--Albert Einstein

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                  • #10
                    Parets on the Dow:

                    https://allstarcharts.com/dow-jones-...795#more-98320

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                    • #11


                      #Biotech Weekly: $IBB forming red candle. Still very early in week so take with grain of salt. A weekly close below 50MA (or BC0 would not be a good sign. ALl 3 BBs honing st rolling over soon. MACD/Stochs not pretty either... (timing not to scale, just general target) #IBB $XBI

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                      • #12
                        Daily $RUT : #SmallCaps having trouble reaching 1600 again, a failure to reach orange again should be viewed as bearish confirmation... Stochs have crossed bearish, but MACD not yet. Would not be surprised to see purple support backtest at a minimum $IWM #IWM #RUT

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                        • #13
                          Daily #NASDAQ : $COMPQ Stochs appear to have peaked on Friday. MACD getting close to crossing bearish. Until yellow rising wedge support fails not confimed, expecting a support test in next 2-3 days Thurs could get interesting (Friday markets closed) #NDX #NQ $NDX $NQ $QQQ

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                          • #14
                            $GDX Daily: #GDX broadening rising wedge support still holding. Viewing this as ST bullish, still expecting retouch of orange as long as DXY continues to drop, but EURUSD & USD have to cooperate for that to happen. LT Lower outlook unchanged #Gold #Miners $Gold $GC $GC

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                            • #15


                              $TSLA Daily: #TSLA still chasing green circle. Starting to look like massive descending triangle. A downside break here below $250 would be devastating long term. Still unconfirmed, but 13M/BC bearish recross so quickly usually bearish sign. Lower BB rolling #Tesla #electric #car

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                              • #16
                                Daily $F : #Ford formed perfect gap up shooting star on Friday, today’s massive red candle confirmation most likely a sign the rally is probably over over. great textbook example of formations playing out. break of 13MA/200MA confirms lower #Auto $Ford #manufacturing #Automotive

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                                • #17


                                  $NFLX Daily: #NFLX changed colors to illustrate shallow rising wedge. Wedge support broke & price action continuing to ram down Lower BB. MACD/Stochs both crossed centerline into bearish territory... #netflix $FANGS $FANG

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                                  • #18


                                    Witness says 300-foot spire on top of the Notre Dame Cathedral has just collapsed https://cbsn.ws/2UYj4mY

                                    It survived 900 years,VERY bad sign for France....
                                    Last edited by froll61; 04-15-2019, 01:34 PM.

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                                    • #19
                                      Silver:

                                      https://twitter.com/AdamMancini4/sta...64156667863041

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                                      • #20
                                        NYMO:

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

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                                        • #21
                                          NAMO:

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

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                                          • #22
                                            Bitcoin:

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

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                                            • #23
                                              Oil:

                                              https://kimblechartingsolutions.com/...earish-stocks/

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                                              • #24
                                                Silver:

                                                https://kimblechartingsolutions.com/...-support-test/

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                                                • #25
                                                  S&P 500:

                                                  https://www.seeitmarket.com/sp-500-w...o-brink-19233/

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                                                  • #26
                                                    Oil, Nasdaq:

                                                    https://likesmoneycycletrading.wordpress.com/

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                                                    • #27
                                                      Es NQ futures both looking good on daily chart.... 2916 2927 are both key resistance.... b/o above 2927 basically means ATH coming.... see how tech earnings will affect mkt...

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                                                      • #28
                                                        $USD Daily: #USD Stochs is not slowing & MACD gaining downside momentum, even if price action has paused today. 13MA also bearish crossed 50MA. Added hypothetical C bottom if 200MA & neckline both do in fact fail. #DXY $DXY #FX #forex #dollar

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                                                        • #29
                                                          #USDJPY Daily: $USDJPY 50MA held support last week. Orange TL bullish breakout also occurred, appears to be attempting yellow TL backtest (which is also right at upper BB coincidentally.) Stochs in overbought but does not imply immediate reversal $JPY #JPY #Yen #FX #FOREX

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                                                          • #30


                                                            $USDCHF Daily: #USDCHF is not backing off one bit, Upper BB now curling up. If it gets much higher scenario could be at risk. So far this could be a MACD centerline reversal so just have to wait for confirmation ... #FOREX #Swiss #Franc #FX

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                                                            • #31
                                                              $EURUSD Daily: #EURUSD MACD/Stochs still look health, but todays shooting star rejection at 50MA could be a potential wrench in bullish scenario. Could be 1 day anomaly, just have to wait & see how rest of week plays out. Tomorrow has to breakout 50MA green #EURO #FX #FOREX $EUR

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                                                              • #32
                                                                $AUDCAD Daily: #AUDCAD already hit 0.96 & ramping even faster than expected. Overshot Upper BB intraday, but closed around Upper BB EOD. MACD curling up smoothly is healthy bullish sign. Not a whole lot of room for a 5 wave though, unless it breaks out #AUD $AUD #FX #FOREX

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                                                                • #33
                                                                  $WTIC Daily: #WTI $65 resistance still holding, as is 13MA for support. BC needs to play catch-up, expecting sideways action. For now looks range bound in this $62-65 plateau. MACD/Stochs starting to roll over, watch Stochs magenta support... $CL $OIL $WTI #WTIC

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                                                                  • #34
                                                                    #GOLD Daily: $GOLD pierced Blue TL support but held it on closing basis w/ tall bottoming tail hammer. Gold is on the ropes here, needs to pop tomorrow otherwise it’s in trouble. Currencies are the key indicator here, keep eye on DXY & EURUSD #GDX $GC #GC #GLD $GLD

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