SPY/QQQ Plan Your Trade For 2-19-25: GAP Reversal Counter-trendToday's pattern suggests a morning GAP will lead to a price reversal in a counter-trend type of mode.
I read this as a potential that price will initially struggle to find a trend. Eventually, when it does identify a trend mode, I believe that trend will strengthen into a reversal of the current upward price trend.
Normally, Counter-trend patterns invert. So, what I would have expected as an uptrend would turn into a downtrend. But, the markets have moved into a very consolidated price channel near recent highs and volume has diminished strongly.
Because of this type of setup, I believe an aggressive breakaway or breakdown price move is pending.
Price will attempt to make a move - and when it does, it should be explosive.
My continued research, which I share with you in this video, continues to suggest price will stall out and revert downward.
We'll see how things play out over the next few days.
Gold and Silver are back near recent all-time highs. Stay cautious of a breakdown in metals associated with a breakdown in the SPY/QQQ.
BTCUSD is still struggling to make a move. As you will see, I believe the dominant trend is to the downside right now.
In short, we are standing at the edge of a cliff regarding price action. At this point, we either grow wings and soar higher or fall downward - hoping for a soft landing.
Buckle up.
Get some.
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Silver
SPY/QQQ Plan Your Trade For 2-20 : Rotation PatternSorry for my delay this morning. Everything is fine over here - just a bit hectic this morning, and I had to drive my son to his work at 530am - which interrupted my plans.
OK, so here we go.
This video helps to organize my analysis/thinking into more clearly presented data for my followers. I use the Fibonacci Price Theory as a basis for all my analysis. On top of that, I use other techniques (anchor bars, my SPY Cycle Patterns, and my custom indexes) to help identify when and where opportunities exist for the best trades.
I've been getting comments related to my labeling these videos as Bullish or Bearish which may go against the primary trend direction presented on the charts. So, now I've added a TEXT LABEL that tells you what every chart is doing on a Short, Intermediate, and Long-term basis.
This will help all of you follow my analysis/thinking going forward (I hope).
Today's Rotation Pattern suggests the markets will slide into a sideways price rotation phase.
This rotation could be a stalling pattern after the recent rally to new ATHs.
I'm still very cautious of a breakdown/pullback in trend after this move higher. As I keep saying, I don't believe the markets have sufficient momentum to continue a massive rally phase. And I really believe this new ATH level is a BULL TRAP - setting up longs to jump into this rally mode before a bigger pullback/breakdown takes place.
Gold and Silver are struggling to move higher with a fairly broad rotating range - but they are still pushing higher.
I believe Gold and Silver will make a big move higher over the next 30+ days. So, be prepared for volatility - but stick with long trades for metals as I believe Gold will rally to levels above $3100 very quickly.
Bitcoin could be shifting into a new Excess Phase Peak pattern off recent lows. The FPT trends for Bitcoin are still BEARISH, but we are starting to see a base setup that may become a new Excess Phase Peak low.
Watch this video and please comment if you have any questions.
Again, sorry for my delay this morning.
Get some..
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SILVER Growth Ahead! Buy!
Hello,Traders!
SILVER made a bullish
Breakout of key horizontal
Level of 32.60$ and the
Breakout is confirmed
Which combined with the
Fact that Silver is trading in
A strong uptrend makes us
Bullish biased and we will
Be expecting further growth
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
XAGUSD - How far will silver go?!Silver is above the EMA200 and EMA50 on the 4-hour timeframe and is moving in its ascending channel. If we see a correction, we can re-enter the silver purchase and accompany it to the ceiling of the ascending channel. Then we can sell within the specified supply zone with an appropriate reward for risk.
In recent weeks, analysts have warned investors that gold prices breaking strongly above $2,800 suggest an overbought market.Therefore, it is not surprising to see some profit-taking finally occurring, especially since gold prices have surged by more than 11% since the beginning of the year.
In contrast, silver has been notably underwhelming. Despite having strong bullish fundamentals, it has not experienced price increases on par with gold. Moreover, silver is more unpredictable, as its volatility is twice that of gold.
In recent days, U.S. President Donald Trump has taken bold steps in trade and foreign relations. On Tuesday night, he announced plans to impose a 25% tariff on imported cars, pharmaceuticals, and semiconductor chips. This decision comes at a time when global markets are grappling with heightened uncertainties, while hopes remain for an end to the Ukraine conflict.
A 25% tariff on imported cars could significantly impact the global automotive industry, which has already been facing challenges. Trump has long criticized what he perceives as “unfair treatment” of American car exports in foreign markets. For instance, the European Union imposes a 10% tariff on imported cars—four times higher than the 2.5% tariff the U.S. levies on passenger vehicles.
Similar tariffs are planned for pharmaceuticals and semiconductor chips, starting at 25% and set to increase significantly next year. However, Trump did not specify an exact timeline for implementation, stating that he wants to give pharmaceutical companies and chip manufacturers time to establish production facilities in the U.S. to avoid these tariffs.
Beyond their immediate impact on specific industries, these tariffs could have long-term repercussions, such as higher business costs and rising prices for consumers. Trump also indicated that he expects major corporations to invest more in the U.S. soon, although he did not provide further details.
Amid these trade developments, Trump has initiated negotiations with Russia, signaling a potential shift in diplomatic relations between the two nations. On Tuesday, senior officials from both countries took steps toward rebuilding ties, agreeing to collaborate on ending the Ukraine conflict, increasing financial investments, and restoring diplomatic relations. This meeting marks a significant shift following three years of U.S. efforts to isolate Moscow.
Meanwhile, a massive influx of gold and silver has entered the U.S., as major banks and market players hedge against potential tariff threats. This surge in demand has driven up gold and silver prices, creating notable premiums in North American markets. However, a research firm argues that concerns over tariffs may be exaggerated.
In a report by BCA Research, commodity analysts revealed they had taken a short position in silver as a contrarian play against tariff fears.
They stated, “There is a strong likelihood that the U.S. will not impose import tariffs on gold, silver, platinum, or copper. There is no compelling economic or political motivation for the U.S. to take such action.” They added, “Since the recent surge in precious metal prices has been driven by tariff concerns, investors may react negatively to these price increases.”
BCA also noted that if the U.S. were to impose tariffs on gold and silver, they would likely be introduced alongside steel and aluminum tariffs.
Analysts concluded, “The silver market is relatively shallow and less liquid, making it more vulnerable to short-term price declines than gold. However, any short-term weakness presents an attractive opportunity for cyclical and structural positioning in this precious metal.”
SPY/QQQ Plan Your Trade Post Market Update : Big Squeeze CloseToday is quite a day in terms of trading volatility and volume. We've not seen a low-volume day like today in the SPY for more than a year.
It is very likely this rally near the close of trading was more of a short-squeeze and not really a momentum breakout.
We'll see how things play out tomorrow. But, I'm not budging related to my expectations of a breakdown in the markets over the next 5-10+ days.
I see this market as completely over-cooked to the upside - and it seems to be evident in the lack of buying volume playing out.
My Custom Crash index is flat and topping. My Custom Volatility Index is flat and topping. My Custom US Leading Index is actually LOWER so far this week.
One thing is certain, there is a lot of open "air" below the 598 level on the SPY.
Buckle Up.
When it breaks - it may be a BIG BREAKDOWN setting up.
Get Some.
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GOLD Looks Like A Giant Bull Trap Price To Fall DramaticallyThis move in gold has been nice but I think its almost over. This was a giant bull trap in my opinion. Over the next few years I see Gold coming down to the bottom trend line then longer term probably below $1000 after it breaks the rising wedge.
I think the Golden Age of America is a real thing. Cheaper energy, more advanced ways of mining, new large gold deposits will be found. Gold will always be relevant but will never be used as money again. No real need for it other than industrial uses. Eventually we'll be able to manufacture gold, silver, and pretty much any other metal and there wont be a need for mining anymore. We're moving forward not backwards.
Best of luck my friends, none of this is financial advice.
Canadian Venture index --- Inverse head & shouldersGold has reached unprecedented heights, approaching the $3000 mark—a prediction we made with precision. Now is the moment to turn our attention to silver and the mining sector.
To start, let's examine the Canadian venture index, which is displaying a promising inverse head and shoulders pattern. I am confident that the logarithmic projection will be achieved without much difficulty.
SPY/QQQ Plan Your Trade For 2-18 : GAP PotentialAs the markets continue to struggle to break away from the current consolidated/sideways price trend, one thing is certain: The current FLAG/EPP pattern is setting up an explosive price move.
My expectations are for a price breakdown, as my predictive modeling and GANN Cycle Patterns suggest that Major Bottoms will set up near February 21 and March 21-23.
These major Bottoms suggest a strong potential for a price breakdown, reflecting uncertainty for the first half of 2025.
Additionally, I believe the strength of the US Dollar is driving a "Capital Shift," where foreign capital is actively moving away from currency and economic risks, pooling aggressively into the safest currency and assets. This translates into capital pooling into US, UK, and EURO assets to avoid broader currency devaluation events.
The dynamics of the global markets are very interesting right now. The influx of capital into the strongest economies with the strongest currencies may present a MELT-UP type of market trend. However, the uncertainty related to future US economic growth and performance may prompt some deep downturns/pullbacks in price.
I don't see how the US markets can move past the economic turmoil of broad government restructuring until after June/July 2025.
Therefore, I continue to urge traders to stay cautious of any melt-up trend. The markets want to move higher, but there are currently extreme volatility risks related to any potential price breakdowns.
I'm watching Gold/Silver and Bitcoin to see if we move back into any euphoric phase. And right now, I'm seeing metals starting to move into a type of panic selloff while Bitcoin is struggling to regain any real strength.
The continued sideways trend of Bitcoin leads me to believe the euphoria is diminishing, and reality may be setting in. That means we may be in for a bumpy ride over the next 90+ days.
Stay fluid and stay cautious of any big breakdowns.
Get some.
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SILVER BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
The BB upper band is nearby so SILVER is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 30.934.
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Silver Faces Resistance After Recent RallySilver remained above $32 per ounce on Sunday after recent volatility, supported by a weaker dollar on soft US economic data and easing global trade war concerns.
On Friday, silver hit a three-month high, driven by strong industrial demand, particularly in electrification and manufacturing. Reports showed China added 357 gigawatts of solar and wind power in 2024, boosting industrial silver use. Meanwhile, India’s Oil and Natural Gas Corp pledged INR 1 trillion for renewable energy, and Indonesia aims to add 17 gigawatts of solar capacity.
Key resistance is at 33.15, with further levels at 33.80 and 34.50. Support stands at 31.40, followed by 30.90 and 30.20.
XAGUSD M15 | Falling from the 61.8% Fibo?Based on the M15 chart, the price is approaching our sell entry level at 32.81, aligning the 61.8% Fibonacci retracement.
A rejection at this level could drive prices lower toward our take profit at 32.24, a pullback support level.
The stop loss is set at 33.39, a swing high resistance level.
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Silver key trading level at 3171The Silver (XAGUSD) price action sentiment appears bullish, supported by the longer-term prevailing uptrend. The price action creates a sequence of higher highs and higher lows. The recent consolidation appears to be breakout and a retest of a bullish pennant.
The key trading level is at 3171, which is the current swing low. A corrective pullback from the current levels and a bullish bounce back from the 3171 level could target the upside resistance at 3274 followed by the 3308 and 3340 levels over the longer timeframe.
Alternatively, a confirmed loss of 3171 support and a daily close below that level would negate the bullish outlook opening the way for a further retracement and a retest of 3125 support level followed by 3076.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Silver is still flirting with its key short-term resistance areaLooking at the current technical right now, we can see that MARKETSCOM:SILVER bulls are trying to find strong grounds to lift themselves and travel back to the current all-time high. However, certain boxes have to be ticked first, before we can get a bit more comfortable with further action to the upside.
TVC:SILVER
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SILVER Is Very Bearish! Sell!
Here is our detailed technical review for SILVER.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 32.444.
The above observations make me that the market will inevitably achieve 30.847 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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BRIEFING Week #7 : Whatch Out for the DollarHere's your weekly update ! Brought to you each weekend with years of track-record history..
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SILVER Sellers In Panic! BUY!
My dear subscribers,
My technical analysis for SILVER is below:
The price is coiling around a solid key level - 32.147
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 32.524
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
———————————
WISH YOU ALL LUCK
Silver Bullish Pennant breakout retestThe Silver (XAGUSD) price action sentiment appears bullish, supported by the longer-term prevailing uptrend. The price action creates a sequence of higher highs and higher lows. The recent consolidation appears to be breakout and a retest of a bullish pennant.
The key trading level is at 3171, which is the current swing low. A corrective pullback from the current levels and a bullish bounce back from the 3171 level could target the upside resistance at 3274 followed by the 3308 and 3340 levels over the longer timeframe.
Alternatively, a confirmed loss of 3171 support and a daily close below that level would negate the bullish outlook opening the way for a further retracement and a retest of 3125 support level followed by 3076.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Silver's Bullish Momentum: Can It Rally Another +12.14%?Hey Realistic Traders, A lot of uncertainty looms after Donald Trump was officially sworn in as President. Will Safe Haven Assets, such as OANDA:XAGUSD Rise Again?
Let's dive into the analysis...
Silver has tested the EMA-200 line more than twice in the past year. This retracement often signals a strong bullish trend.
On the daily chart, Silver has formed a falling wedge pattern, followed by a breakout. The breakout, combined with a bullish MACD crossover, suggests the trend is likely to continue upward.
Based on these technical indicators, the price is projected to rise toward Target 1 at $33.0811 or potentially Target 2 at $34.5649, as long as it stays above the critical stop-loss level of $28.7040
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"Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Silver".