Risk Building Again!
The Dow finished in the red this week and some almost panic selling into the last hour.
The red trendline must hold for the bull case, some real technical damage will occur on any breakdown.
New lows are rising and volume was higher than average on Friday.
A potential double top is in place where the Dow came within 5 points of it's ATH.
Any close below the red trendline is a major short.
Precious metals, although clobbered on Friday...are still within their bullish pattern.
Mining stocks are displaying bullish divergences against the PM prices.
If a March 2020 event takes place, PM's will again be the super buy.
We either see one more rally to finish off the last wave up and conclude decades of speculation turned frenzy or a top is in of such magnitude, we will witness a plunge so brutal...folks will be wiped out.
The war on terror has evaporated and the so called terrorists are done with their agenda.
Now we are in a new war on the people, subjugated soon by either military or police force throughout the world to force through compliance and very probable martial law.
Whatever negative news is coming, it's a big one.
The Dow has traded sideways since 10th of May as smart money exits and the retail traders finish of the last hurrah.
Good Trading!
The red trendline must hold for the bull case, some real technical damage will occur on any breakdown.
New lows are rising and volume was higher than average on Friday.
A potential double top is in place where the Dow came within 5 points of it's ATH.
Any close below the red trendline is a major short.
Precious metals, although clobbered on Friday...are still within their bullish pattern.
Mining stocks are displaying bullish divergences against the PM prices.
If a March 2020 event takes place, PM's will again be the super buy.
We either see one more rally to finish off the last wave up and conclude decades of speculation turned frenzy or a top is in of such magnitude, we will witness a plunge so brutal...folks will be wiped out.
The war on terror has evaporated and the so called terrorists are done with their agenda.
Now we are in a new war on the people, subjugated soon by either military or police force throughout the world to force through compliance and very probable martial law.
Whatever negative news is coming, it's a big one.
The Dow has traded sideways since 10th of May as smart money exits and the retail traders finish of the last hurrah.
Good Trading!
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.
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.