Stubborn Markets
Updated
The markets simply refuse to give up. The birds are speaking to them, but nobody listens.
Gold, still living inside a massive bearish wedge pattern, is almost ready to print a death cross.
The 1M, 2M and 3M timeframes print a similar picture.
The 2M chart is beginning to give in. Volatility between MAs is keeping these still glued together, unable to figure out the next move.
Either the best Golden Cross prints or the worst Death is soon to come.
Markets are weird. I always found incredibly interesting the period before the .com bubble.
Equities had just printed a death cross. After the post-1988 prolonged weakness, all support seemed to have been lost. Instead, the markets boomed.
It is at these extremes when the good and bad stuff happens.
I am getting annoyed from all the birds speaking, many of them bullish on gold, others bullish on equities.
The Gold Bird
Everybody wants to keep this fella alive!
The SPX Bird
Everybody wants to kill this poor fella!
With both birds SCREAMING, we cannot reach conclusions.
Gold Bulls are buying into their ultimate doom.
SPX Bears are selling into one of the most powerful bull runs we have witnessed.
It is the duel between them that will clear the picture.
Honestly, it looks like a Gold Cross is about to shape for equities, not for Gold!
Gold may instead take the black death-ish color.
Again, Buffett may be right after all... Japan + Oil = love-4-many-years
US Yield Rates show significant signs of strength.
The end of the 2nd Big Tech bubble is right around the corner...
Bird might be Peter's word. Don't be like Peter.
Remember: Trend is the trader's word.
Gold, still living inside a massive bearish wedge pattern, is almost ready to print a death cross.
The 1M, 2M and 3M timeframes print a similar picture.
The 2M chart is beginning to give in. Volatility between MAs is keeping these still glued together, unable to figure out the next move.
Either the best Golden Cross prints or the worst Death is soon to come.
Markets are weird. I always found incredibly interesting the period before the .com bubble.
Equities had just printed a death cross. After the post-1988 prolonged weakness, all support seemed to have been lost. Instead, the markets boomed.
It is at these extremes when the good and bad stuff happens.
I am getting annoyed from all the birds speaking, many of them bullish on gold, others bullish on equities.
The Gold Bird
Everybody wants to keep this fella alive!
The SPX Bird
Everybody wants to kill this poor fella!
With both birds SCREAMING, we cannot reach conclusions.
Gold Bulls are buying into their ultimate doom.
SPX Bears are selling into one of the most powerful bull runs we have witnessed.
It is the duel between them that will clear the picture.
Honestly, it looks like a Gold Cross is about to shape for equities, not for Gold!
Gold may instead take the black death-ish color.
Again, Buffett may be right after all... Japan + Oil = love-4-many-years
US Yield Rates show significant signs of strength.
The end of the 2nd Big Tech bubble is right around the corner...
Bird might be Peter's word. Don't be like Peter.
Remember: Trend is the trader's word.
Comment
So this is what the dream feels like. This is the victory we longed for.-Niko Bellic
Comment
I'm calling it, Crude Oil prices below $40 in the following months. Ask for proof.Comment
Comment
Swan is the word.Comment
The same, it is just that price dislodged downwards.Let the war/crisis begin!
Comment
Comment
Just like in 2018, we are begging for the FED to cut rates. It is ourselves who put the nail in our coffin.Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.