Auguraltrader

Auguraltrader

A week after calling the levelling off in reported infections, it did just that and few days later, the SG Health Minister's statement says that the omicron peak is over . From the past few days, the ebb is slowing and the drop in infections appears to be picking up again. Do remember that virus infections are not exactly linear in amounts and in time as well....

Auguraltrader Updated 

Just an update that a few technical and correlation points suggest that the NSDAQ is likely to break down below 13K. First up, the breakdown from the consolidation zone was very strong with a gap down and runaway to form a long down candle. No lightening of momentum observed yet. Next, there appears to be a potential for crude oil price spike. In order for such...

Auguraltrader Updated 

In a follow up analysis of the recent favourite, the NASDAQ futures NQ1!, it appears that a possible higher low above 13K has been registered and it is now consolidating below 13,360 (yellow line). Any effort above has been met with swift downdrafts (red ellipse marking the upper tails). If this continues, a breakdown below 13K is expected, and currently is...

Auguraltrader

As expected previously, Crude Oil prices did a spike higher (blow off top) and in the past week started a mean reversion, a really mean mean reversion. Expecting support to be about 93 where the daily 55EMA is met, and also possible to spike down below 90 this week, or early next week. Support ranges are marked out in yellow boxes. While this is some relief, at...

Auguraltrader

Previously, in what was hoped to be a blow off top, there was a need for crude oil prices to close the gap soonest. Well, it did... thing is, it closed the gap, only to reopen with gusto. In a Gap and Close, we know it is a reversal. In a Gap and Run, we also know that the gap may or, more likely, not to be tested, and prices continue the trend strongly. In...

Auguraltrader Updated 

After its rebound, the NASDAQ index is in a small range of 13800 to 143000. It appears to be trapped in a zone and break out or breakdown will follow a decisive move. When that move will happen? Have to wait for it and watch it happen... then we will know. Daily technical indicators suggest a skew to the downside, but the 4H technical indicators indicate a...

Auguraltrader

Wave 4 (Omicron) appears to be tapering off, we would be able to know better in the latter part of March. For now, it would appear that the projection sees a rather steep tapering of COVID cases into end of March. Good news! Not positive! lol...

Auguraltrader

With the current global situation where there are day by day developments, the Leading Indicator panel offers similar dichotomy... The JNK ETF is heading further down -> Bearish for equities. The IWM ETF is likely to push down in a somewhat limited fashion -> Bearish for equities The DJT ETF appears to be bouncing up -> Bullish for equities The VALUG looking for...

Auguraltrader

Crude oil futures spiked way out in parabola in the morning hours of Asian trading. I hope that this week is the blow off top... else, the next few years would be very painful, and very slow recovery as we all get mowed down by hyperinflation. That gap (rectangle box) needs to be closed as soon as possible!

Auguraltrader

The Gold miners ETF had a clear launch over the last two weeks, amidst the build up of the global events in Europe. The Weekly chart has a sustained double breakout of a short term trendline, and the weekly 55EMA. The technicals (MACD and RPM) are very supportive, crossing upwards and into bullish territory. The Daily chart shows the past two weeks developments,...

Auguraltrader

As projected (in previous idea post), the NASDAQ futures spiked down to (almost) 13K and then bounced immediately. This happened on Thursday after the open initiation of the Russia-Ukraine global event. The following day continued the recovery rally. The Weekly candlestick is now very bullish looking as there formed an intraweek ultra long tail of almost 1K index...

Auguraltrader

At the start of the year, it was clear that the Omicron wave (Wave 4) started, as heads up by the previous post. Wave 4 is ON now. In the coming weeks, it starts slow, but will accelerate faster and faster, into March and April 2022 In the last two months, we can see that the infection rate escalated after the turn into February. Depicted by the white and...

Auguraltrader Updated 

Was just looking at the NASDAQ futures and the price actions over the market holiday yesterday amidst the hype and concerns over Russia-Ukraine issues. In the NQ1! 4H chart, recent multiple failures of the 55EMA (4H and Daily) technically projected downside for the NASDAQ (amongst other equity indexes). There appears to be a cyclical fear pattern over the last...

Auguraltrader

BTCUSD... DOWN, clearly as charts tell it. The confluence of the weekly and daily chart is not unexpected, but uncanny. See the red circle in the weekly chart of the candlestick upper shadows, which translates to the Daily chart lower, BOTH failing the 55EMA. Very bearish confluence IMHO... PS. It is very similar for ETH as well!

Auguraltrader

As previously mentioned, the NASDAQ is bearish. Now below the Weekly 55EMA, on bearish weekly candlesticks, the NASDAQ is likely to push to the 13500 support/ This support must hold. Daily chart technicals are bearish for more downside... Stay safe and well!

Auguraltrader

dg78 asked me about Silver... so a quick look here. The Silver Weekly chart is lagging Gold, but does appear to consolidating since mid 2021. Trendlines are tilting downwards as price appear to be testing harder each time. Last week closed above the 55EMA on a nice looking bullish candle that gapped up and pushed to close above the 55EMA. MACD in this instance...

Auguraltrader

Back in 2019, April 29th was the date that Donald Trump tweeted his launch of a trade war with China. This was significant because this was the first time ever, ANY politician took to social media directly to make announcements. Furthermore, it threw markets into a swirl that took a couple of weeks to work out what it wanted. Gold was the first to recover and move...

Auguraltrader

The reversal observed previously appears to be washed out... JNK broke down previously as expected, and exceeded target. No rebound as previously expected, but instead a further push downwards followed. MACD in bear territory. IWM , DJT and VALUG all swent further down after breaking the support that bounced off earlier. MACD crossed and deep in bear territory....