3309 Drysdale Ct
Edwardsville, IL 62025
There is a high-compression squeeze on the daily charts on
silver. Currently the momentum on the squeeze is to the
downside, while indicators and momentum are all pointing higher.
High-compression squeezes usually resolve to the downside. I
would be buying a pullback in silver for a move higher. The same
for gold and copper.
/GC is trading above 1944 resistance now. A close at this level
will bring another leg up in gold.
I cannot watch ticks, as I am at work. I can watch the price.
That is why you, Matt, and Steve are my eyes and ears during the
Thanks, Matt! I covered a half of that SPY put position just now
near the trendline support. I will restore this position after a
bounce today into the close.
Matt, I hold a full position on the SPY Stoch Rev trade. Please
advise on the exit if different from the other subsystem. You said
it could last for days if successful.
There is a trendline support on /NQ near 11650, which is
expected to hold. TSLA reports later today, so an intraday bounce
in /NQ is likely to be sold.
/NQ is selling off after earnings. My targets are 11790 and
11706 to buy for an overnight trade into the open. The stop is
11652 on 60-minute charts on the closing basis.
If the indexes put a divergent high on 1-hour charts, a
pullback will be due. The move up was too fast, so some
consolidation and/or pullback is needed to resolve the overbought
I am watching a squeeze on 4-hour charts to break to the
downside on /GC. If played, it would send /GC to last week's low of
1910, which is a buy for a day trade.
/GC might have put a topping candle overnight hitting 1940. With
options expiration for February contract, the price should stay in
the range for the remainder of the week.
Greg and anyone else, Chris Brecher teaches chart patterns for
day trading effectively. I listen to him to learn. He is a very
good day trader with a lot of insight. He makes trading easy
to do. You could view his videos on youtube by searching "chris
GDX seems to be topping here with one more push up tomorrow. Is
anyone protecting gains in GDX with stock options spreads? If so,
what kind: vertical or calendar, and what expiry? Thanks for any
Matt or anyone, regarding trading the KISS system: do you
recommend trading it from the EOD or from the opening?
I do not trade wave counts, I trade chart consolidations: flags,
channels, etc., the momentum, and supports and resistances.
And rates down? Or up?
COT report from last Friday is your best bet. No more recent
data are available, as far as I know.
I heard an opinion that the ratio of OIH: USO ( or /CL) is too
thanks for a confirmation. That trade looks like another losing
trade on that subsytem at the moment. Matt should clarify.
Incidentally, a low-compression squeeze on daily /ES (SPX) chart
has just started firing to the upside. This thing could go a lot
greggone, the symmetry is 25 points from Jan 19th on 5-minute
charts. What you pointed out looks like a bull flag, a continuation
pattern. Today is a trend day, so pullbacks are bought.
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