Auguraltrader

Auguraltrader

The China ETF, GXC, has in recent weeks been beaten down. This is great part dur to concerns about their ideology about a Zero COVID strategy, where it comes with great economic costs. The Western media (mostly) has had a field day whacking China on their "primitive" idea, saying that it is impossible, it is unreasonable, it is irrational, etc. I beg to...

Auguraltrader

I have not seen such bullish candlestick patterns for a very long time now... The weekly chart had an amazing weekly candle where it is a T type doji, with indications of massive upward momentum, pushing with upward pressure. This comes in tow with two or three previous long tail pattern, and the weekly close is highest in the past 6 weeks. Weekly MACD appear to...

Auguraltrader

Gold has been in a four week retracement, with the greatest momentum this past week, pushing down to near 1800. The weekly and daily technicals suggest more downside to 1765, where the next support lies. Watch these levels for a possible consolidation / bounce. Clearly, this retracement is deeper than expected, and would require a quick rebound to resume the...

Auguraltrader

Some very intriguing issues in Terra Luna, and technically, it is breaching the Weekly StdDev -4 levels of the Bollinger Bands , which also happens to be near a support zone . Extremely volatile situation, but do the math, you'd get what I mean about the standard deviations... All the best!

Auguraltrader

Was in a conversation and the SGDMYR exchange rate came up. Since 2016, Ihad thought that the SGDMYR would hit 3.50 as a target, a very painful target for many. Well, I was not right as it only breached 3.20 then and nicely consolidated. The 3.50 target is still in play, and now present to you technically how it is projected to be... Over the years since 2016, a...

Auguraltrader

A lot of talk in the vines now about Bitcoin entering or is in a bear market. By this long term measure, using a mentor-inspired self-designed indicator, this has proved useful in demarcating the Bull Bear phases. As observed in the BTCUSD Weekly chart, Bitcoin is already in the Bear phase of the market and continues so for a few months, at least to August...

Auguraltrader

As posted previously, data is (subtly) showing the start already... IF anyone really still cares. Not expecting to be a major or steep wave... not yet at least. May in crease in may Palindromic pun intended.

Auguraltrader

As projected previously, Crude Oil prices are spiking and momentum continue to suggest that it is on track, and just might accelerate. Weekly chart closed with bullish momentum pattern and above average of the recent weeks. Long lower tails and close near the weekly tops suggest bullish momentum (also picking up?) The daily chart is now holding above a...

Auguraltrader

Another down week in the NASDAQ, as expected. PReviousl expectations were generall in line, although how things panned out were more volatile... bearish for NASDAQ IMHO. The weekly chart looks even worse now than previously, and it is not about breaking below 13K conclusively. It did a swooping technical rebound, only to be a dead cat bounce, where the next...

Auguraltrader

Quick note that previous projections to 2100 still maintained and appear to be on track, despite a recent retracement in Gold, partially due to the sudden rise of the USD. Although Gold prices fell below the daily 55EMA, today (5th May) saw a gap up in Asian hours after opening. There is a strong follow through (Gap and Run) and IF it closes at this level, then...

Auguraltrader

In an earlier (longer range) post, Crude to spike over USD150 this time... , Crude oil, energy were already earmarked for an upside spike in the coming weeks to months. Yesterday, due to a EU proposal to have a Russian oil ban including an embargo on crude in six months , it sent prices rocketing over 5% for yesterday. This rise was probably fueled further by...

Auguraltrader

This is perhaps a little controversial, but my earlier observations are panning out, and worse than I had thought... Basically, the S&P500 since the beginning of 2022 has been struggling. Called previously, based on weekly chart, the S&P500 futures to target 4140. It had since done that a couple of times. Yesterday, it revisited, only to close below support on...

Auguraltrader

BAD NEWS here... for many, not all. The NASDAQ followed through with the heavy downside momentum, and broke below 13,000! Worse, it closed the week below the 13,000 (and the 12,900 intraday buffer set out earlier). The weekly chart show nice long candles that end the weeks very close to the low or at the low, showing the continued downside momentum that is not...

Auguraltrader

Crude aooears to have broken out of trendline resistance, particularly on the daily chart. Closing today above 107.60 would launch the next rally. Fibonacci projections set target about USD165, about mid-June. The weekly chart candlestick is also forming what might be a bullish candlestick with a long shadow at the bottom, suggesting upward momentum. Daily...

Auguraltrader

The JNK ETF looks like it is heading further down still -> Bearish for equities. The IWM ETF is likely to follow through after closing at a low -> Bearish for equities The DJT ETF looks a tad bearish too -> Bearish for equities The VALUG looking to fail support, with a bearish candle for more downside -> Bearish for equities The TIPS ETF continue down draft->...

Auguraltrader

In the last week, GDX erased the bullishness of the preceding month with one fell swoop of an Bearish Engulfing kind (weekly chart). So expecting continued bearish candles would be expected as it follows through. The daily chart supports that view so far, and it just broke down of the 55EMA, after a gap down. The good thing is that it did not really gap and...

Auguraltrader

The NASDAQ bounced off the first support and sliced through the second support level. Quite different from was expected, but in any case, this reveals a strong downward momentum towards the 13K support that must not be broken. To define this... should not close below 13K, but possible to have an intraday spike down to 12900 like previously. The thing here is...

Auguraltrader

As per previously modelled, the projection based on public data on cases project that in early May, Singapore should start the next wave... for now, it looks like a mild spike given the momentum trajectory. 26 April is when more measures are lifted, and rules are further eased... to pre-pandemic level " almost all the way to how things were " So far, model is...