Monday and Tuesday a lot of bullish reversals were elected. In my experience crude this volatile will zip through gaps in reversals. You can see the gap and how long it took to drop. I would guess the same amount of time to bounce back up to the 120 area. IF it commits past that weekly bottom trendline. This is using Martin Armstrong Socrates system. If...
Crude will go back to the 57.30-40 range within the week. Not sure after that. Have not looked that far out. This is an easy short but it is a potential fake out and will be ripping up to new highs.
Two levels possible for retracement. Daily and weekly. Ray Dalio will be buying BTC soon. He is trying to create a discount for himself. Classic talking your book. (Maximize the first chart in the upper left. I did not mean to include all the others.)
Gold after busting through weekly and daily reversals at greater than 1% will retrace to the lowest at each time level, before continuing down. Time frame should be one to three days for the daily and unsure of the weekly. Three weeks would be a guess. See chart for last elected reversals on each time level.
Some time tonight and possibly into tomorrow.
Dow will not close above upper resistance It will not close above it for the week. It may close above it on the daily but likely not. Dow is setting up for another significant Drop. Down to the 15,000 at the most. This is most likely the last drop before the slingshot into a vertical market. Economy may not recover for a while but money will be fleeing the...
If the Euro 0.49% closes below 1.1553 for the month the bottom will drop out. This is very much a geopolitical certainty. The question is can this happen now? Yes it can and we will know in a few days time.
No way Bitcoin is done. Too much invested in it now with traditional money getting involved. Futures Instruments as well.How long for this to turn? Who knows. It will be longer than you think.
Post French elections the Euro will rally a bit with resistance in the 1.13-1.14 level. The establishment feels the Euro is now safe that populism has been thwarted. This pushes the decline and collapse of the euro down the road a bit. Took position yesterday with calls at Jun 17 @ 1.115