Auguraltrader

Auguraltrader

Heads up... Next Wave 5 is ON. Not expected to be bigger than the initial Omicron wave, or even Delta for that matter, but significant enough. This probably comes from imported cases with less screening and testing, as well as under reporting. The under reporting is messing with the data outcome and accuracy, also significantly dropping the heads up period......

Auguraltrader

Similarly to BTCUSD analysis , ETHUSD is weak and probably having a bull trap before another washout... Fro ETHUSD, 1400 is a resistancem and 1030 is the breaking down level IMHO

Auguraltrader

BTCUSD has had a rough year so far. In recent days, it appears to have stabilized, and hovering about low 20Ks range. Chart technicals looks short term bullish (daily), but still medium term bearish (weekly). Candlesticks and volumes (not shown) are already showing. I would be careful with the coming week's bull trap...

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Previously, GXC appeared to be coiling to launch a break out... it appears to have done so, but at a higher level . Weekly technicals appear better suited for a impending breakout, Daily technicals are not yet ready and baking... Still in the radar, but overall sense is that China (and Chinese equities) will take off. We are still in early days, but imminent....

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Crude oil prices are in clear retracement this week, in the midst of broad market down trending. Previous week's assessment was that Crude stalled, and the week passed saw Crude reach near target, almost 124, before stalling and retracing. For interest, white arrows show entry and exit points that were taken. Just days after closing the trade, Crude turned down...

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As previously projected, the NASDAQ pushed further down in the last week, and with expected momentum, to hit the target in good time. The daily chart shows the weekly action much clearer as the immediate resistance at 11725 failed and a quick drop ensued. The week did not follow through to end in downward momentum but instead clocked a small bullish harami. While...

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Just did an analysis on BTCUSD , and I thought it was bearish . Looking at ETHUSD makes it much more bearish , and the end of this is still farther down. ETH is pretty much at a YTD low, and broke down three days ago, ahead of BTCUSD . Daily technical indicators are similarly bearish having the similar cross downs. Price action however, see ETHUSD being pushed...

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As heads up previously in April and again in May 2022, it is very clear that BTCUSD is in a bear market, and still continues to be so. Two failed recovery rallies, and a lower low, with daily technicals crossing down bearish just say it all. MACD crossed down in bearish territory, and RPM crossed down sharply. Expecting a lower low below 25,400, and then...

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The JNK ETF is heading further down with a big bearish Marubozu that is the YTD low -> Bearish for equities. The IWM ETF is also heading further down for a lower low with a bearish Marubozu engulfing -> Bearish for equities The DJT ETF ended on a recent low too -> Bearish for equities The VALUG has a bearish candle for more downside -> Bearish for equities The...

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The weekly chart closed the week nice candle that had a long bottom tail, albeit a red candle, but bullish indication here. The daily chart had GDX gap down on Friday's opening, then rally hard to close a bullish engulfing, spanning across a resistance zone. This can form the higher low point later next week. Indicators are not yet bullish, but candlesticks are...

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The Crude oil futures weekly chart started the week with a gap up, but ended the week with a doji candlestick, indicating a stall. Weekly indicators are divergent currently, with the RPM clearly pointing out the stalling, but the MACD crossed over to be bullish again. The daily chart shows of a mid-week extension to near the 125 target, missing slightly, and then...

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A quick note to say that as previously expected, the deep retrace happened, and had bottomed out. The last week closed with a bullish candle with a 5 week high close, that bounced off support from the weekly 55EMA, and broke out of the trendline resistance. Technical indicators have yet to turn around. The daily chart shows Friday's surprise surge in Gold prices,...

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... and there is momentum indicating that there is more downside, extending beyond the last low. Weekly chart ended the week with a marubozu type candlestick where the close is at or near the low, suggesting downward momentum is strong. This is seen in the daily chart where the breakdown occured on Thursday and strongly pushed down to then Friday very near the...

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Just a geometric observation about VIX... IF this is going to play out, then we are due for a volatile second half of 2022! Particularly, late August onwards. Anything in the next two months just might be a preview. Hold on to your pants!!!

Auguraltrader

Using the SPY now to demonstrate (instead of the futures). The 4H chart shows better details of the breakdown IMHO. You see, since the end of May, the SPY had been surging and dipping, and then early June the upper end of the range tightened a bit, forming a nice triangle. Typically, a triangle like this in a recent uptrend acts like a pennant or flag, and breaks...

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Quick update, as highlighted for the past month or so… Crude just popped above 121. Trend is clear and present; momentum is strong. A close above 120 for the day would be bullish. The higher away from 120, the more bullish. Heads up!!

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GDX found an interim bottom and bounced as expected, but it is not clear that it is bullish, as yet. the recet deep retracement put it out of the -3SD and it bounced back. But apprears to stall for a bit. Daily technical indicators are not very bullish and this suggests a bit more baking time needed. Weelly Gap area is the support, a a breakout of the downtrend...

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Just an odd observation that LATAM is robustly holding up, and appears to be coiling for a triangle breakout. NOT ready yet, but ahead of the curve, and technically appears to have some potential. Alert levels set... keep an eye on this. Anyone knows why LATAM might be forming up?? Do share your views pls...