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  • Tuesday,July 30th.

    https://finviz.com/futures.ashx Markets are down 0.50 %,gold is up 8$,oil is up 0.4%

  • #2


    Carl Futia
    ·
    Support 10 points beneath temporary highs failed overnight. ES is headed for support at 2998-3000. If that fails then a drop to the July 19 low at 2969.50 will follow.

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    • #3
      Got a few December micro gold contracts filled at 1436$ this night,Stop 1420$. /MGCZ19

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      • #4
        The worst thing for $SPX would be to close this week under ~3000 (break the blue rising channel in my chart). FOMC will be over by that point and earnings season as well, and if SPX still can't maintain 3000 the trend should be lower heading into seasonally bearish Aug/Sept
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        Adam Mancini
        @AdamMancini4
        · Jul 28
        Another new high for $SPX last week, but for bulls its important not get complacent and know your levels- volatility comes fast. 2950-60 is key. This was the main resistance we broke late June, and a fail below from here is a fake break out and a quick trip to under 2900 follows
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        • #5


          Bob Loukas
          @BobLoukas
          ·
          56m
          I have us on Day 13 of the #bitcoin Cycle, a little too early to fail. (Below July 17th lows). Looking for shorts only with this downtrend, and back at $9,800-$10,000 would be a perfect short. (10-20dma). Next long comes mid Aug for me...unless picture drastically changes.
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          • #6

            Bob Loukas
            @BobLoukas
            ·
            17h
            Still on the gold theme. $USD Index just 0.30 away from 30 month highs! $Gold is $20+ (one good sessions) from 6 year highs. #bullish gold. Non $USD denomination near all-time highs. Why? China? Capital? Global Macro? Your thoughts?
            ·
            17h
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            • #7
              Yen - possible sell signal yesterday?? A big move down would likely give gold and silver a black swan dive. Everyone says Gold and Silver can't miss higher prices, eh??? Everyone is/are always right, right??
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              • #8
                Oil - on a Parabolic SARs Sell Signal - So in spite of what is said, be wary of oil bulls and oil companies. API in AH with Apple. Should make for some good drama
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                • #9
                  Yen decline and possibly a move for the US Dollar to $99. Fast and Furious, eh?? Interesting drama below the radar. Parity with the Euro in 2020????
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                  • #10
                    Conversation

                    The Yen - The Yen carry trade is not likely buying stocks here, but likely the US Dollar - The Yen is at gap support, so the next move will be telling - a move to fill the gap will generally lower GOLD prices. Equity Bears need a big decline for a Top in the US stock markets.
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                    • #11
                      VXN - the VIX of the NASDAQ - End of day saved the index from a near term sell signal for the index. NASDAQ hanging man?? All about Apple - Da Boyz will likely tip their hand before the close.
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                      • #12
                        NASDAQ New Highs and New Lows - This indicator is at "0" - it should be a lot higher. Could go into correction mode with an Apple miss. Forget the Fed, it's all about Apple.
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                        • #13
                          Fear & greed:

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

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                          • #14
                            Futia:

                            http://carlfutia.blogspot.com/

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                            • #15
                              A current Bitcoin price:

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

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                              • #16
                                Germany:

                                https://twitter.com/KimbleCharting/s...00021949407232

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                                • #17




                                  King Khan
                                  @FaizFalak3

                                  https://pbs.twimg.com/media/EAuhlSdU...jpg&name=large2h
                                  $BTC 1D #2 Thread falling wedge bullish Gartley bullish div price+volume falling =bullish
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                                  Last edited by froll61; 07-30-2019, 11:39 AM.

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                                  • #18
                                    King Khan
                                    @FaizFalak3
                                    ·
                                    4h
                                    $BTCUSD 2.0 update 3D #1 Thead post 3D golden cross with bullish div
                                    @singhsoro
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                                    • #19
                                      https://laductrading.com/2019/market...st-resistance/ Market Thoughts: US Dollar on Path of Least Resistance

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                                      • #21
                                        The Most Hated Bull Market in History

                                        -> Posted by Fullgoldcrown
                                        From Rambus Weekend Report

                                        “Since this coming Wednesday is the last trading day for the month of July I plan to update all the trades in the PM stock and Kamikaze portfolios so we can see how they did over the last 31 days. In a strong impulse move it’s the monthly charts that are the most important time frame to keep track of. As the impulse move matures then the shorter term daily charts will come into play when we will start looking for some type of reversal pattern to form”

                                        “In this weeks, Weekend Report, I would like to focus in on some charts for the stock markets which are suggesting the possible next impulse leg up in the 2009 bull market is getting underway. I know how hard it is for most members to even conceive of the next impulse move in the stock markets is even possible based on all the fundamental reasons it has to crash and burn. If one understands the psychology during a bull market that has been ongoing for 10 years now, there has to be many doubters along the way who refuse to acknowledge the greatest bull market of all time ever existed.

                                        I can post a hundred bullish charts for the SPX for instance, but most investors will look at the fundamentals to draw their own bearish conclusions. The fundamentals are so engrained in investors minds they can’t see the forest for the trees. They look at interest rates, the US dollar, PE ratios, how overbought the market is, how the US deficit can’t be sustained and is going to crash the markets at any moment and of course minipulation. I could go on but during each consolidation phase since the 2009 bull market began the exact same fundamentals are put forth on why the stock markets can’t keep going up but they do, rinse and repeat. The trend is your friend.

                                        It’s pretty rare that I’m invested in both the US stock markets and the PM complex at the same time, but that is what the charts are suggesting regardless of what most believe. As long as the correlation remains intact I plan to take advantage of the situation until something changes. With the 3 X leveraged etf’s we now have available to us for trading the US markets and different sectors within the US markets, they can match some of the gains we’ll see in the PM sector when the new impulse move in the Stock markets gets going in earnest. I wish we had some of the 3 X etf’s back in the 1990’s as the percentage gains we had into Y2K would have been literally off the charts.”

                                        Both the SPX and gold are moving up together since the 2016 low”

                                        …………………………

                                        https://rambus1.com/

                                        ………………………….

                                        One more snip

                                        “This last chart for the mechanical 21 month Trend Follower chart shows the price action from 1995 to 2005. I know many of the younger members weren’t trading the stock markets during the great bull market that ended in 2000, but for those that did wouldn’t you have liked to have a chart like the one below to show you when you should have gotten out? For this 10 year period there were no whipsaw only well placed buy and sell signals.

                                        I know from first hand experience that when the sell signal was given in November of 2000, when the SPX closed below the 21 month sma, it took every bit of discipline you could muster to pull the trigger. That marked the end of the greatest bull market up to that point in history and emotions were running high with bullish projections of a new paradigm was now in place and stocks had much further to rally. It is a totally different world when one is trading in real time during the last gasp of a secular bull market as no one wants to leave the party.

                                        My dad who grew up during the Great Depression and I would have great debates about the direction of the stock markets during the bubble phase, he was always the bear and I was always the bull similar to what we are seeing today with many members. He could never understand how the stock markets could keep going up when all the fundamentals were so negative. He was eventually proven right but not until after he missed the greatest bull market in history that ended in 2000.”

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                                        • #22
                                          Metals:

                                          https://allstarcharts.com/gold-silve...c9#more-103254

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                                          • #23
                                            Stocks:

                                            https://twitter.com/AdamMancini4/sta...67336208388096

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                                            • #24
                                              Solar system:

                                              https://twitter.com/ZonePhysics/stat...93511790112768

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                                              • #25
                                                $VIX Daily: #VIX rejecting intraday at 50MA perfectly falling back off Upper BB. VIX up even though stocks flat (mainly due to event risk of Fed meeting). I do not see this as particularly bearish for stocks. Could chase lower bound again once more #volatility $TVIX $UVXY $VXX
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                                                • #26
                                                  #Boeing Daily: $BA bullish engulfing candle starting to confirm green VBP support (added). If BA bottoms here will be tough for markets to drop much. If/when Fed Cuts, this should pop back up to 200MA / Red VBP averting yet another 50/200MA cross

                                                  #737MAX $boeing
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                                                  • #27
                                                    #transports Daily: $Trans still building more bullish pressure. If/when Fed cuts this should breakout from purple resistance here. Bounced off 13MA support into green bullish hammer. So far still zero bearish signs here... upper BB ramping higher $DJT $Dow $Tran
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                                                    • #28
                                                      Breadth:

                                                      https://twitter.com/CiovaccoCapital/...98132453494787

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                                                      • #29
                                                        $EURUSD Daily: #EURUSD green TL support starting to confirm, even backtested the descending green TL as well too. Stochs bottoming out. If Fed cuts... this should confirm as a hard LT support floor until the spring. All up to Powell now...


                                                        $EUR #EURO #FX #FOREX
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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
                                                                Gold:

                                                                https://likesmoneycycletrading.wordp...-busts-a-move/

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                                                                • #34
                                                                  $WTIC Daily: #WTI $56 green support added along with yellow ascending TL support. For now breakout above 50MA averted most bearish scenario. If Fed cuts could prop up all commodities as USD sells off. For now the boundaries are clear... #Oil $CL $OIL $WTI #WTIC #oilandgas
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                                                                  • #35
                                                                    #SILVER Daily: $SILVER wave 3 continues. Stochs staying elevated & MACD looks like it could revamp even higher. Fed cut should hammer dollar and push precious metals higher in medium term. Expecting metals to stay elevated until April 2020 #SLV $SLV $SIL #USD
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                                                                    • #36
                                                                      Daily $Plat : New Chart!! #Platinum is actually looking much stronger than Palladium, looks like major bottom. MACD/Stochs agree. 13MA breakout indicates could rip back to 880 (orange) #Precious #Metals #mining
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                                                                      • #37
                                                                        Originally posted by froll61 View Post
                                                                        Yen - possible sell signal yesterday?? A big move down would likely give gold and silver a black swan dive. Everyone says Gold and Silver can't miss higher prices, eh??? Everyone is/are always right, right??
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                                                                        The problem with traders is that they are always trying to use correlations to make irrational bets

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                                                                        • #38
                                                                          Rate of change:

                                                                          https://twitter.com/CiovaccoCapital/...20798103597056

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                                                                          • #39
                                                                            S&P 500:

                                                                            https://twitter.com/ThinkTankCharts/...75399947378689

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