Technical Observations on the Markets
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First, it’s important to recognize that bullish chart patterns do not always materialize into their projected targets. However, it’s hard to ignore that so many gold miners fit into that category right now. The trade CycleShares took a few ...
The weekly chart really says it all. Painful, but technically, have not even sold off 10% even in Nasdaq. The SPX could rally here and the downturn would all be forgotten in a month. Alternatively, I have market support areas and the next w...
Just thought I would point that this area on NQ is critical from a price confluence perspective. The reaction so far has been driven by the NVDA earnings side effect. It’s surprising to me that NVDA did not react more bullishly given that i...
First, let’s look at ETH and BTC. I discussed ETH last week and not much has changed there, despite the volatility. The one item that continues to evolve is the GLI, which continues to reflect an upward trajectory. Remember, liquidity and t...
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