Posted by DigiNomad on 28th of Apr 2024 at 11:04 pm
STS Weekly - all of the major indexes are still long and within
2% of hitting STS's. Makes for a compelling area to try some
longs with relatively tight stops possible (just in case the market
decides to skip past the normal corrective type action again and go
straight into Zimbabwe mode). GLD only 2.27% away from STS
on the daily version...it's 9.5% away on the weekly.
I personally think we're setting up to crash... higher. It
could come with a nice headfake lower first, but I'm pretty sure it
will resolve in a crash higher. That's the message I get from
the recent currencies, bonds and gold actions.
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STS Weekly - all of
Posted by DigiNomad on 28th of Apr 2024 at 11:04 pm
STS Weekly - all of the major indexes are still long and within 2% of hitting STS's. Makes for a compelling area to try some longs with relatively tight stops possible (just in case the market decides to skip past the normal corrective type action again and go straight into Zimbabwe mode). GLD only 2.27% away from STS on the daily version...it's 9.5% away on the weekly.
I personally think we're setting up to crash... higher. It could come with a nice headfake lower first, but I'm pretty sure it will resolve in a crash higher. That's the message I get from the recent currencies, bonds and gold actions.