Indeed, there is an end of trend signal on 15-minute charts for
/CL. The stop is under today's low, yet the trailing stop is still
above the price. The signal is thus validated for an early entry
:-)
James_Roe, thank you for answering. Could these charts be
released about 30 minutes before the market close, please? I would
like to avoid dealing with gaps.
if /GC breaks 1995, it will break a minor trendline to the
downside.
Edit: it looks like a big entity is buying this drop. Perhaps, a
couple of Central Banks while Fed is not participating. The whole
thing could end up being a a huge stop run on longs.
What a cool system! Did you use candles or RSI oversold for an
exit? And could this system trade automatically (I do not trust the
TS to do automated trading on it)? Your stoch lines did not cross
at the time of the exit.
I had the 3944 target yet I did not expect it to be hit before
the day session. My exit signals came on 15-minute charts while you
were using 1-hour.
3954 was a trendline support and a good target! I took profits
earlier to go away from the computer. /ES is giving a lower high,
supporting a bearish view into Wednesday so far.
/CL (crude oil) had a high-lot buying on Friday near the lows on
15-minute charts, accompanied by exhaustion sell and a bullish
divergence signal. $65 low needs to hold, otherwise the pattern is
similar to wheat: a higher low is a buy.
rbreese, I already see good values among resource stocks. I
posted about lithium double bottom. Chicago wheat put a
bottom last week. I am watching large oil producers to do the
same.
I see bottoming signs in SBSW (platinum miner), while FCX
(copper) will be a good trendline buy at $30, about 20% lower. Also
lower for AA (Alcoa, aluminum).
Well, they _did_ well since the signals had been issued. That
time has passed for those not in them. Will they continue to do
well from here or the run of luck is over?
Steve's approach is not to pick bottoms, and I side with him on
that.
In case you are not aware, monied interests with deep pockets
are buying selected stocks of biggest tech companies to park their
money there and without drawing much attention. Expect this
activity to continue. The market is very bifurcated. Everything
else might be being sold meanwhile.
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Gold looks like a mid-way
Posted by junkie on 22nd of Mar 2023 at 10:06 am
Gold looks like a mid-way consolidation still shy of my buy point. The minimal target $1936 was met at night.
Chicago wheat dropped about 40
Posted by junkie on 22nd of Mar 2023 at 10:04 am
Chicago wheat dropped about 40 cents since Monday. I am looking for a double bottom and a chance to add there, if confirmed.
This pullback in GLD should
GLD Updated View
Posted by junkie on 21st of Mar 2023 at 01:53 pm
This pullback in GLD should be bought. My buy target is 1932 on /GC for a likely low. 1936 is a minimal target for this pullback.
There is no divergence at the high on the daily chart. The all-time high should be retested next.
Indeed, there is an end
OVX crude VIX
Posted by junkie on 20th of Mar 2023 at 04:31 pm
Indeed, there is an end of trend signal on 15-minute charts for /CL. The stop is under today's low, yet the trailing stop is still above the price. The signal is thus validated for an early entry :-)
James_Roe, thank you for answering.
KISS charts: XLF, KBE Banks, GLD Gold, GDX - these did extremely well
Posted by junkie on 20th of Mar 2023 at 03:21 pm
James_Roe, thank you for answering. Could these charts be released about 30 minutes before the market close, please? I would like to avoid dealing with gaps.
The move off Wednesday lows
Posted by junkie on 20th of Mar 2023 at 11:48 am
The move off Wednesday lows so far appears corrective: https://stockcharts.com/h-sc/ui?s=$SPX&p=10&b=5&g=0&id=p03575787006&a=627027475&listNum=61&cmd=print. 5 waves up then 3 moves or this whole move is an a-b-c up. Exceeding Thursday's high of 3965 weakens the bearish view.
stockcharts.com
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For today, I expect to
Posted by junkie on 20th of Mar 2023 at 09:33 am
For today, I expect to retest support on QQQ at 300.00 : https://stockcharts.com/h-sc/ui?s=QQQ&p=120&yr=0&mn=2&dy=25&id=p70488196468&a=1108121865&cmd=print A positive close today will send the index higher into tomorrow.
stockcharts.com
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if /GC breaks 1995, it
Gold hit 2015 and about a 20pt pullback
Posted by junkie on 20th of Mar 2023 at 05:27 am
if /GC breaks 1995, it will break a minor trendline to the downside.
Edit: it looks like a big entity is buying this drop. Perhaps, a couple of Central Banks while Fed is not participating. The whole thing could end up being a a huge stop run on longs.
the drop happened on very
On that push down to 3897 on ES we had ...
Posted by junkie on 20th of Mar 2023 at 05:23 am
the drop happened on very low lot size. Matt would described be as amateur selling.
The bear flag is playing
On that push down to 3897 on ES we had ...
Posted by junkie on 20th of Mar 2023 at 04:54 am
The bear flag is playing out.. still no end of trend on /ES on this move to the downside.
What a cool system! Did
my auto system captured that short on the 60 min
Posted by junkie on 20th of Mar 2023 at 01:40 am
What a cool system! Did you use candles or RSI oversold for an exit? And could this system trade automatically (I do not trust the TS to do automated trading on it)? Your stoch lines did not cross at the time of the exit.
I had the 3944 target yet I did not expect it to be hit before the day session. My exit signals came on 15-minute charts while you were using 1-hour.
3954 was a trendline support
ES 1hr, easy short from the MACD KISS/Stoch setup
Posted by junkie on 19th of Mar 2023 at 11:40 pm
3954 was a trendline support and a good target! I took profits earlier to go away from the computer. /ES is giving a lower high, supporting a bearish view into Wednesday so far.
3976 is a 61.8% retracement
ES Demand Zone 3927-3895 (3865 prior low important support) with ...
Posted by junkie on 19th of Mar 2023 at 09:40 pm
3976 is a 61.8% retracement of the move down from Thursday high into the Friday's low. A good call there, Arun! The prices are on ESH23.
/CL (crude oil) had a
Posted by junkie on 19th of Mar 2023 at 08:14 pm
/CL (crude oil) had a high-lot buying on Friday near the lows on 15-minute charts, accompanied by exhaustion sell and a bullish divergence signal. $65 low needs to hold, otherwise the pattern is similar to wheat: a higher low is a buy.
Chicago wheat is a buy
Posted by junkie on 19th of Mar 2023 at 08:04 pm
Chicago wheat is a buy on a pullback. The major targets are 696 and 681, and two minor levels in between.
A cup and handle measures
Gold Monthly
Posted by junkie on 19th of Mar 2023 at 07:07 pm
A cup and handle measures to about $3,100. The EW pattern gives about a $2,200 target (assuming wave 5 is 0.618 of wave 3), which is not too credible.
Friday's pattern looks like a
ES Demand Zone 3927-3895 (3865 prior low important support) with ...
Posted by junkie on 19th of Mar 2023 at 06:39 pm
Friday's pattern looks like a bear flag. One of my cycle indicators is pointing to a move lower to post the end of trend.
I am looking for a good place to short into the open tomorrow based on these factors.
rbreese, I already see good
Dan NILES just sold META and other TECH while going ...
Posted by junkie on 19th of Mar 2023 at 10:57 am
rbreese, I already see good values among resource stocks. I posted about lithium double bottom. Chicago wheat put a bottom last week. I am watching large oil producers to do the same.
I see bottoming signs in SBSW (platinum miner), while FCX (copper) will be a good trendline buy at $30, about 20% lower. Also lower for AA (Alcoa, aluminum).
Well, they _did_ well since
KISS charts: XLF, KBE Banks, GLD Gold, GDX - these did extremely well
Posted by junkie on 19th of Mar 2023 at 03:32 am
Well, they _did_ well since the signals had been issued. That time has passed for those not in them. Will they continue to do well from here or the run of luck is over?
Steve's approach is not to pick bottoms, and I side with him on that.
In case you are not
A couple more examples of plunging breadth
Posted by junkie on 19th of Mar 2023 at 03:04 am
In case you are not aware, monied interests with deep pockets are buying selected stocks of biggest tech companies to park their money there and without drawing much attention. Expect this activity to continue. The market is very bifurcated. Everything else might be being sold meanwhile.