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Edwardsville, IL 62025
Bitcoin - GBTC on the longer term time frames is going to get
I'm plenty long, so not a perma bear, but the VIXY is at the
bottom of a channel with positive divergence on both the 5 and 14
indeed, however how does that reconcile with the put/call ratio
being so low? we've got retail investors bearish, and the
pro's (I assume buy more options) bullish?
if TLT is selling off, wouldn't it make sense for HYG to join in
the selling party? I realize the fed is buying HYG, but they
have to slow down or stop at some point. I also don't
understand why TLT would sell off when we are kind of close to a
top in the S&P or at least extended. Shouldn't
institutions be buying TLT?
GOLD just took out the highs from 14 Apr. on the futures
contract. funny, not a lot of the golds are necessarily
believing it. Stocks like KGC should be ripping. I mean
they are up a few percent but nothing like if they believed it.
QQQ's have had three doji days in a row if we close where we are
today. All gains from gaps.
Hi Matt, I have a bit of trouble entering pullback plays, any
tips on procedure? I'd like to see a trigger, do you just
look for the last red candle to be broken to the upside and use a
stop below the last red candle? Thanks in advance.
Just from my personal experience, I have absolutely been humbled
by how often a nearby gap will go off and fill it self (either with
you or against your position). Now i set quite aggressive
sell targets if there happens to be a gap up above. You never
know you might get filled! Here is an example.
how about we put a handle on that cup with a nice resumption of
the bear market, that takes gold down again, but then mysteriously
stops and with even more money printing and this time cash in
consumers hands (not banks) we get asset deflation, but
inflationary pressures on consumer goods. With near negative
rates for cash, and true inflation for the things we need, it would
be the perfect storm for gold because you can't get 10%+ on your
cash like you could in the 70's.
updated, not going anywhere yet..tommorow might be the day.
I like the BA idea today, breaking out of the 60 min chart.
However I feel we might be trapped here in a pennant on the 5
min for the rest of the day. Thoughts?
There is a gap at ~300 (spy), the 30 week moving average at
~300, and theoretical resistance at 298 as well from major tops in
2019, and we are oversold on the slow STO. I'll be watching
co-incidence we are heading into the FOMC meeting and SPY is
essentially exactly at 0.618 fib?
any thoughts on the general market here as we play with the
287.30 top from April 20th?
sorry Matt this might be a silly question for those familiar
with the BPT system, but is it long only? or do you use it to go
short as well?
good eye, and the confluence of that resistance plus the recent
downtrend line. GDX broke out today above multi-year highs.
Will be curious how it ends the day.
rising wedge GDX, 5 min.
SPY officially over the 50 dma. Very interesting that it
was as Matt and Steve say, "extended from its 9 ema" and had to
rest three days before convincingly launching over the 50 dma.
Another analyst I followed, noted the technique so as not to
try and break resistance levels while extended and risk failing.
Very fascinating!! These target levels are as well.
Would like to hear Matt and Steve's thoughts on the weekend.
Have a great one everybody.
may as well fill the gap here from 288
GILD at $85.44 post market (+14%)
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