Auguraltrader

Auguraltrader

HAPPY EASTER! But Oops... as mentioned previously, first support not likely to hold. the 4H chart shows the clear and present breakdown. Some markets are closed today (Easter Monday), and the news over Easter weekend is fanning the flames of this breakdown. So should be panning out as expected Brace brace brace!

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Ethereum weekly chart has bearish candletick patterns and is likely to break down below the 55EMA in the coming weeks. It appears to be better supported than Bitcoin based on the technicals, but can expect downside. Daily 55EMA support is lost, broken and failed. Technicals suggest more downside. 2300-2500 appears to be a strong support zone, at the...

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Bitcoin appears to be in a quandry, and coming out of this would be volatile over a large range.... The weekly chart is showing that the weekly 55EMA failed to support BTCUSD breakdown. Technicals indicate some downside, to the support levels as drawn. Looking about 36K bounce or break support. The daily chart is indeed in a retracement mode, and is looking at...

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The Energy Sector ETF had been in a bull run since 4Q2021, and March was the month it stalled. Instead of breaking down, it appeared to be coiling for a launch, and this week looks like it launched a breakout of the triangle it is trapped within. Crude oil broke above USD100 this week, and this supports the XLE imminent rally, roughly expected for at least...

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Two weeks ago, a break above 40 was expected , and it just closed the week above 40, in good fashion if I may say so. The weekly GDX chart followed the previous week's long tailed doji and gapped up, ending near the week's high, with yet another lower tail. Bullish candlestick structure here. Technical RPM indicator is supportive of the momentum, although the...

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And so, Crude spiked, and well above 100 as expected . This defying feat was not quite aligned to the weekly technical indicators, I must say. Nonetheless, the weekly candle itself had bullish lower tails and ended the week near the top. So, appears to continue spiking... perhaps above USD120, at least. The daily chart is rather interesting to me... on Mon, it...

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Previously heads up , The short week filled in as expected with a continued breakdown below the weekly 55EMA. This is bearish confirmation (without doubt) that the technical bounce is done. On the weekly basis, a higher low or a return to 13K is in the cards for the weeks following. The daily charts show the weak rally and the week ended with an overwhelming...

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Of late, we are seeing a fall in Crude prices... a lot of it is about releasing supply into the market really. The daily 55EMA has been broken, tested and failed once. But worthy to note that the support is holding! So, breaking down decisively below 92 would be followed by more downside; else breaking above 98/99 would be tested by resistance zones above 100 for...

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On 20 Feb 2022, Gold was reviewed as " The Gold Odyssey continues... an old but Gold story " It was almost two months ago that was described the handle (of the giant sized Cup & Handle) would be completed this year. Since then, we had a preview with Gold spiking to 2078, only to pull back hard. This shook weak hands badly, having retraced to hard over a week. As...

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The NASDAQ is in somewhat of a freefall state having broke down very quickly over last week and one day this week. The breakdown came after warnings with upper tails in the weekly candle, as previously warned. And then the breakdown of the weekly 55EMA. The daily chart shows the clear indications as well as long decisive bearish candles clice through the...

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Very quickly before the market opens... The JNK ETF is heading further down for lower low -> Bearish for equities. The IWM ETF is likely to follow down continuing the candle -> Bearish for equities The DJT ETF broke support -> Bearish for equities The VALUG failed the resistance, with a bearish candle for more downside -> Bearish for equities The TIPS ETF gave...

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The NASDAQ is a recent interest... The charts showed a spike down to briefly break 13K as expected, and then it rebounded strongly intraday, into the daily chart, and then also into the weekly chart. However, 15250 appears to be a strong resistance, and the daily chart shows the rejection at resistance. The weekly chart ended with a long topside tail, suggesting...

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Noted the current Double Top formation on the STI (Straits Times Index, Singapore) Oddly, 4 April was the advanced marked date for a top (hence, red time line). Previous marked dates (thing lines) and forward marked dates (thick dotted lines) are there. It is intriguing to see the uncanny accuracy over the years.

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After an intra-week V shape recovery, with a strong weekly candle, the GXC is now range bound (as seen in the daily chart) attempting to breakout of the range. The Daily technicals are bullish and supportive, as the weekly technicals are somewhat coiling. We might have to wait a bit more on this one... Needs to break clean of 92.50.

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The Gold Miners ETF, GDX, as expected, launched itself after a small recoil. The Weekly chart key takeaway is that the MACD and RPM followed through, but better yet, this week saw the weekly candlestick to be in a rather bullish position, closing the week on a recent 9-month high. Fibonacci projections bring a 47.50 upside target in the following weeks. The...

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Quick note... a good friend asked me about Tencent. Given the developments recently, as well as over the past year. There was some regret in not buying during the dip, but it was about risk management in catching a falling knife IMHO. Missing the boat is also another feeling, and it is perhaps something dangerous to feel when looking at charts. So, this is...

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Just an observation here... I have been posting much about using the MACD Histograms to project the spikes and waves of COVID-19 infections, given the data collated on this platform. So far, it has been pretty uncanny in accuracy. Just coming across the Total COVID-19 Confirmed Infections chart, there appears to be an odd divergence on the MACD histograms.. and...

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... to spike in April! Already media is openly speaking of that expectation. No surprises, will happen. Data (MACD histogram) projections align. Apparently, NY and FL are already spiking. This is likely the Omicron wave, and it can get out of hand pretty quickly as we have seen in many other countries. Hope that enough preparations have been made!