Gold is bullish, miners not so much.

I think we bounce around until the tgt 2800-3000 for wave 4. 

Nobody thought we would have a "V" bottom in December 2018. Everyone got caught in shorts thinking there would be a retest.

The Fed was pumping money back then, just like they are now. Will history repeat ?

VIX still not buying the bounce, oil still under 25.  gold still in high momentum move.  this is long from over.  cheers, i'm having a couple whiskey's. 

this is the biggest dead cat bounce I've ever seen.  quote me on this... could age well.. i'm not a buyer here. fututres will send it down later tonight .  If anyone is going long into friday they must know the corona cure

Nice bounce near prior highs 2620 - Resistance Here

ES bouncing off symmetry support near 2600 

Thursday Newsletter

I think we probably follow through some tomorrow into mid day then maybe sell into the close for the weekend

Another classic {Big Picture} chart of gold from "NorthStar" twitter. Just look at that beautiful {Cup} setup. Such a tantalizing opportunity over the next several years.

$VIX.   Would like to see it break 55 for a more sustained rally.  

End of day short covering.   

$SPX - Chart Link - I like that fast MA ribbon, it's quick to react, I simply use 5,10,15,21 EMA's.  The slower standard one is 9,20,34,50

SPY 200 or below on deck over the next several weeks.  We don't have a bottom yet.  But enjoying the profitable ride up for now! 

$SPX - Chart Link- daily chart - notice you have 3 confluence zones coming out: the 38% Fib retracement from the highs, the 50% Fib retracement from the high of the lower high bounce in early March, and the 20 day MA.

$SPX - Chart Link- 2hr view with the Fibs from the highs, the 38% Fib is coming up at 2650

$SPX - Chart Link- 60 min view - again notice the 50% Fib from the lower high bounce in early March

QQQ - Chart Link- have made it to the 50% Fib retracement from the highs

IWM - Chart Link- 60 min view of IWM showing the Inv H&S pattern I showed on Monday before the close, still hasn't hit its measure move

I am about to post a comprehensive post about that

Matt - Is there a measured move here ?

not yet - some systems closing out like RSI oversold on ES etc

any chance of getting a short from one of the systems here?