ZSL - Chart Link- again you had to be in it already, could not have chased it this morning

nice gaparoo 

GLD - Chart Link- here's the updated view now that the cash market has opened

that v of 5 always looked complete to me,  GLL was the ETF I've been accumulating 

UNG - Chart Link- up 2.7% within the wedge

gold down -$59!

remember I've been labeling that high from a couple weeks ago as completed on the GLD 2hr, some questioned that but stuck to my guns, now playing out

Here's my detailed weekend newsletter/video with my thoughts on the markets, precious metals, crypto, and our trading systems

Youtube Video  Wednesday April 21st, 2024       - watch in full 1080 resolution on tablet or desktop NOT your phone

PLEASE leave a like and comment, helps the Youtube Algorithm to get out stuff more visible - I appreciate the support!

Newsletter Wednesday April 21st standard Webpage Format  - contains all the dynamic chart links

weekend newsletter is recorded, just waiting for it to upload and will then post

ES  futures are up 12, gold futures are down 13

https://www.ig.com/en/indices/markets-indices/weekend-wall-street 

IWM - Chart Link- 2hr, price is at a demand zone with some MACD and RSI divergence

IWM - Chart Link- 60 min nice wedge forming

TNA - Chart Link- here's the leveraged ETF, nice wedge and divergence

that said, on the 2hr time frame the MACD divergence is way below zero, and remember my educational discussion that divergence doesn't work as well when the MACD is too far from zero - so this may suggest that if we see a bounce here, it will still be quite volatile for a while

OIH - Chart Link- bouncing from a support zone

$BTCUSD - Chart Link- added price by volume, that's a real thin zone in there

$BTCUSD - Chart Link- thin zone, expect a quick hard dump if price falls into that thin zone region

NVDA - Chart Link-

NVDD - Chart Link- target is that supply zone above

Because we have not yet had an official recession the US Media, CNBC keeps discussing a soft landing, however I've always been the camp that a recession is coming, was simply delayed. 

The yield curve has been inverted for over 500 days, we’ve only seen this 3 times in history: 

1. 2007/2008
2. 1973/1974
3.  1927/1929

All 3 saw > 50% stock market drawdowns

hopefully things don't have to go through one of those major corrections/hard times like back then, but it would not surprise me, we all know something back is eventually coming 

$NYSI - Chart Link- that confirmed short on April 9th has been very good

!GT20SPX - Chart Link- a lot of the major bottoms have a 1/2 up up then down move before 'the' good bottom is in

For RETL looks like it was a washout oversold reversal trigger

the rest of the open FANG stocks closed out, nice profits though

Also MARA went long, and this is a good example of the system going long just a couple bars off the lows, you also had a Demark 13

https://breakpointtrades.com/sts_table/?search=BPT_basket 

https://breakpointtrades.com/ts/view_chart.php?s=MARA&g=BPT_basket 

ALJ went long similar scenario 

https://breakpointtrades.com/ts/view_chart.php?s=AJG&g=SP_500 

TNA - Chart LinkTNA has a nice wedge setting up with MACD divergence on the 60 min time frame

yep so far it's back in, big black candle, unless price dumps here the last 8 min it's likely to close inside

man I just looked, the next TICK pivot below isn't until 4922, from Jan 29th, price is in the middle of TICK level from 4984 - 4922

hopefully price rebounds next week and we don't have to go down to that next level below