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Thursday,May 16th.

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  • Thursday,May 16th.

    /ES /NQ not bad overnight BUT it would have been more ideal if such hike happened in early morning upon open, not before open.... ES 4H 50ma now strong resistance, hourly chart mid BB starts to flat.... be careful about a potential pullback after open... again if we dip today, good.Gold is down 4$,oil is up 1.2%

  • #2
    Futia:

    http://carlfutia.blogspot.com/

    Comment


    • #3
      Fear & greed:

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

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      • #4
        /ES Resistance above the market is at 2881. If it fails another bull market up leg will be underway.Carl Futia.

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        • #5
          Oil:

          https://twitter.com/AdamMancini4/sta...06602252627968

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          • #6
            Even though I was expecting gold and silver to break down, it is still painful to watch, especially with the Dow rallying 100-200+ pts every day.

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            • #7
              Silver looks incredible bearish. Lets just hope $14 holds up or $9-10 long term is in the cards

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              • #8
                UUP on the cusp of breaking out for good. The weekly MACD has been flat for a year, all while price has ramped up. It doesn't get anymore bullish than that. All that's left is for the MACD to turn up and you have the potential for an explosive move higher in UUP. If that comes to pass, I don't think that $1267 pivot in gold has any chance of holding.

                This is looking like 2013 potentially for the metals and miners--basically complete devastation.

                Click image for larger version

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                • #9
                  As I suspected, as soon as the yen pull back after making a moonshot over the last 2 weeks, the metals and miners get their teeth kicked in. This despite the fact that the miners went sideways to down while the yen rallied. Tails I win, heads you lose. This sector blows.

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                  • #10
                    Originally posted by rutku10 View Post
                    Silver looks incredible bearish. Lets just hope $14 holds up or $9-10 long term is in the cards
                    They have every incentive now to break silver to new multiyear lows.

                    I continue to hold my miners, but the action over the last year has been pretty much unbearable and I am near my breaking point with them.

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                    • #11
                      Silver:

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

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                      • #12
                        Like I said yesterday, low volatility (super tight BBs) are basically never good for Silver. I imagine silver will probably test the low from a few months ago or at least close the gap on the chart (basically at the low). Once it bottoms in the near term, wherever that level is, it needs to perform strongly. This drop could turn out to be the energy silver needs to finally start an uptrend. Or not. Either way, the tight BBs were in all likelihood never going to permit a nice rally.

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                        • #13
                          $GDX Daily: #GDX bear flag has formed over past week. DXY appears to have 1 more bullish impulse left, which would hammer GDX once more before it can establish a base to rally from. If bear flag fails tomorrow, 19.50 & 19.00 next supports #Gold #Miners $Gold #GC $GC $GLD #GLD

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                          • #14
                            Daily $TRV : New Chart! As one of the larger #Dow components @Travelers is a good barometer for #insurance industry. Getting close to a peak here #Dowjones #financial #TRV

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                            • #15


                              Daily $MMM : New Chart! #3M has been largest drag on #Dow for past 2 weeks. However @3M now approaching major macro trend support. Not quite there yet, but if hits Blue TL, risk/reward definitely to upside. Be patient on this one...

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                              • #16
                                $VIX Daily: #VIX dropped exactly to 50MA/BC perfectly. VIX MUST hold this level for any further SPX downside. If you see narrow doji tomorrow above this level, that would be bearish indication. A break below this tomorrow means Dip buyers won this round #volatility $TVIX #TVIX

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                                • #17
                                  $SPX Daily: #SPX stopped short of 200MA, simply overshot Lower BB way too much, was due for a supportive bounce. For another downwave to happen, BC has to hold as resistance for this to be a B-wave top. Any kind of topping tail at BC is signal for lower. $ES #SP500 #Tradewar

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                                  • #18
                                    Daily #NASDAQ : $COMPQ on the way to B-wave target (confirmed by VIX 13MA failure). For another downwave to happen BC must hold as resistance. WAIT for the confirmation signal to come first before taking any action. If it does will map out C Patience... #NDX #NQ $NDX $NQ

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                                    • #19
                                      #GOOGL Daily: $GOOGL Initial A-wave target ended up holding, just deceptively overshot by a few points. Now looks like B-wave target is next. BC needs to hold as resistance for next downward to happen. If it does, C-wave target ~cyan $GOOG #GOOG #tech $FANG $FANGS #FANGS

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                                      • #20
                                        Adam Mancini‏ @AdamMancini4
                                        FollowingFollowing @AdamMancini4

                                        More
                                        Adam Mancini Retweeted Adam Mancini

                                        $SPX Ripped right through my 2886 target and now headed to 2900. 2900 is not only a key psychological level but also is the 61.8% retrace of the entire selloff. The 50dma has been reclaimed and bears need a hard rejection today otherwise its hard to not see this returning to 2930

                                        Adam Mancini added,

                                        Adam Mancini @AdamMancini4
                                        $SPX Bouncing on trade headlines once again and as usual its best to ignore it and focus on the technicals. SPX lost an uptrend channel from the December lows today and this becomes a long again only if it can reclaim it at 2835. Target would be 2886…
                                        9:23 AM - 16 May 2019

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                                        • #21
                                          David Larew‏ @ThinkTankCharts
                                          FollowingFollowing @ThinkTankCharts

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                                          And just like that liquidity hits the market. Leverage baby. Bull help

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                                          • #22
                                            David Larew‏ @ThinkTankCharts
                                            FollowingFollowing @ThinkTankCharts

                                            More
                                            Now the work begins - MA resistance, BB resistance, filled the gap and right below pivot point. Bears would likely be hiding behind this area

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                                            • #23
                                              NY Post greets de Blasio(current NYC mayor) bid:

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                                              • #24
                                                Stocks:

                                                https://twitter.com/AdamMancini4/sta...00279323009024

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                                                • #25
                                                  Gold:yen ratio. something has got to give... eventually.

                                                  $1,000,000 question: when and in what direction will it break out? Keep in mind this pennant is coming at the tail end of a massive run-up in the ratio between 2000 and 2012.

                                                  Click image for larger version

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                                                  • #26
                                                    An incredible +30% run up in $TEAM since posting this "RETEST" pattern a mere 3 weeks ago! A truly incredible stock and an under followed stock by the trading community

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                                                    • #27
                                                      Originally posted by froll61 View Post
                                                      NY Post greets de Blasio(current NYC mayor) bid:
                                                      unbelievable. Here's the list of the current Democratic Presidential hopefuls:


                                                      Bennet
                                                      Biden
                                                      Booker
                                                      Bullock
                                                      Buttigieg
                                                      Castro
                                                      De Blasio
                                                      Delaney
                                                      Gabbard
                                                      Gillibrand
                                                      Gravel
                                                      Harris
                                                      Hickenlooper
                                                      Inslee
                                                      Klobuchar
                                                      Messam
                                                      Moulton
                                                      O'Rourke
                                                      Ryan
                                                      Sanders
                                                      Swalwell
                                                      Warren
                                                      Williamson
                                                      Yang

                                                      24 candidates! Yikes!! Probably some kind of record. (There were 17 Republican candidates during the last Presidential election.)
                                                      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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                                                      • #28
                                                        Doug liked
                                                        Mystery Trader‏ @MysteryTrader99
                                                        41m41 minutes ago

                                                        : 50MA & BC held intraday on VIX ... another Vol spike could be imminent. Seeing lots of 13MA rejections. Just be aware of potential risk

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                                                        • #29
                                                          If silver breaks to a new multiyear low, it's probably headed to $5 in time based on the massive bearish consolidation over the last 4 years. It's basically an upside down cup and handle.

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                                                          • #30
                                                            Global fund managers:

                                                            https://twitter.com/ukarlewitz/statu...06196129259520

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                                                            • #31
                                                              Absolutely massive cup and handle breakout for the gold silver ratio. Projects to 105! Assuming gold stayed at today's level, that would mean $12 silver. And let's be real, if that actually comes to be, gold is likely headed a lot lower too. What a disaster.

                                                              If gold hits $900, that means $8.50 silver. Sounds about right.

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                                                              • #32
                                                                LMT978 Retweeted
                                                                Mike Cintolo‏ @MikeCintolo
                                                                12h12 hours ago

                                                                I don’t read too much into single-week readings, but the AAII survey out today showed the lowest bullish reading of the year and the second highest bearish reading of the year

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                                                                • #33
                                                                  NYMO:

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

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                                                                  • #34
                                                                    NAMO:

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

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                                                                    • #35
                                                                      Bitcoin:

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

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                                                                      • #36
                                                                        Gold:

                                                                        https://twitter.com/OrdOracle/status...09521400508418

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                                                                        • #37
                                                                          GDX:

                                                                          https://twitter.com/MysteryTrader99/...52861453733889

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                                                                          • #38
                                                                            Stocks:

                                                                            https://likesmoneycycletrading.wordpress.com/

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                                                                            • #39
                                                                              IWM:

                                                                              https://twitter.com/AdamMancini4/sta...71721976782849

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                                                                              • #40
                                                                                #Corn Daily: green TL has proven historically very accurate now. $corn has broke outf rom wedge formation & yellow horz TL. This run could extend to orange TL ~387.50 #Agriculture #AgTwitter #ethanol #farming #tradewar

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                                                                                • #41
                                                                                  $SOYB Weekly: #SOYB Flushed hard past blue ~80 & has since Regina’s Lower BB & filled gap from last weekend. Low is most likely in & worst case trade war probably priced in at this point,. Possible double bottom may occur over next month #SOY #Soybeans #tradewars #trade #tariffs

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                                                                                  • #42


                                                                                    $EURUSD Daily: #EURUSD magenta support is about to break. Looks like one final wave flush below 1.125 before Upper BB can reverse. One more DXY pop before final reversal happens. #EURO #FX #FOREX $EUR

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                                                                                    • #43
                                                                                      $WTIC Daily: #WTI further confirmation plateau bottom is in, also mentioned last week Crude would be ramped to help support properties. Expecting green touch soon, Stochs now curling up & MACD strong centerline support. Patience as chops for few weeks $CL $OIL $WTI #WTIC #OPEC

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                                                                                      • #44
                                                                                        $USD Daily: #USD BC support never broke on closing basis & red resistance failed to hold, EURUSD support could not hold so looks like one last final impulse upward is necessary to allow Lower BB time to reverse. Slightly higher high before reversal #DXY $DXY #FX #forex #dollar

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