Fractal777

Fractal777

The Dow was again lower today, seven red candles and little interest in buying. Sitting precariously on the edge, only one good red candle away from the sell signal. Bulls must grip control back soon. 34,000 is our line in the sand. Our idea last week on silver talked about the potential for a serious cyber event. Supply chains are the focus and target. JBS, the...

Fractal777

Silver continues it's building pattern towards a release of pressure. Today we are told that core inflation came in at the highest reading of 30 years in May. But this is transitory says the Fed.... What will it take for this farce to become realty to the masses? An utter wipeout of their paper wealth! The Fed has almost eight TRILLION on their balance...

Fractal777

Silver has commenced minor wave 2 down. This could bottom around the $26 area....one of the best opportunities to buy is coming. Just buy and hold. I have said a few times on this forum that the big money will be made on precious metals and not shorting the markets. Cryptos have been spectacular and will ride this coming mania. The puppet masters control the...

Fractal777

Markets again, are eerie quiet. Subtle changes and weak internals are suggesting a major correction looms. Precious metals have completed minor wave 1 up and minor wave 2 down is here. Gold and silver will correct and build themselves for wave 3 up....huge. Often, the most profitable short positions are taken right now...just before the plunge. Some are calling...

Fractal777

The Dow rose today on the lightest volume of the year, not as bullish as some believe. Wave 1 down and a current wave 2 up could complete imminently. A cycle top of great magnitude may well have completed on the 10th of May. Bulls are walking on egg shells, any negative surprise will crush their positions. Bears just hold tight and wait for their chance. We hold...

Fractal777

Cryptos have been monkey hammered or smashed this week. We have a probable wave 3 down completed and a bounce now into wave 4 up. Wave 5 down could go as low as 20,000.....perhaps even lower. When manic bubbles burst, the sudden fall from grace is swift. An across the board exodus is upon us....money is rotating into precious metals. Long term bulls have nothing...

Fractal777

Yesterday the Dow formed a hanging man candle which suggested that buyers were tired. No doubt there is weakness in this bull market as the legs begin to wobble. The red trendline is our line in the sand....any solid close below! If 33,000 breaks...an acceleration could occur. So often when the markets top and the initial drop bounces, we get further selling and...

Fractal777

Gold today finally broke through the downward correction channel with strength. We called a bottom in March..technical analysis does work. This has been a long and drawn out period for gold bulls...it serves the magnitude of the coming rally size! Whatever cash you hold is going backwards by 10% a year...all accounts. Precious metals have been stock piled by many...

Fractal777

Yesterday we saw solid volume on the rise and follow through action today. What does this mean for the bulls? We have another touch and a bounce off the red trendline plus solid green candles. Our moving average was breached for another buy signal..whipsawing from a sell. The trend is absolutely up and holding strong. For the bears, a significant shooting star...

Fractal777 Updated 

Our last idea suggested some event or catylst would herald a change. Nothing but blue skies can very easily turn into a storm. Although little mention was given about the Middle East spat, this could well be the turn which morphs into a panic sell contagion. Note the shooting star candle from Monday!!! Our sell signal was generated today and we go small...

Fractal777

Last week we gave the good chance that markets are off on another rally. This can be unpleasant for the bears to read or believe....we move our emotions aside. Your trading account and psyche will be impaired when refusing to recognise or accept losses. The Fed this week mentioned speculation by the retail investor as risky! Would this be the same entity who have...

Fractal777

The Dow tracked down/sideways this week in a consolidation move. We expect another up move this week which could well be the top. Parabolic rallies such as these are extremely difficult to predict their end. A fifth and final wave like 2008 will morph and extend beyond even normal markets. Of course this is nothing normal, just a farce. Quiet and void of any...

Fractal777

Has the market exhausted itself and topped? Choppy action this week with light volume rallies and heavier to the downside. Our upper boundary was breached and what can be termed a throwover. The boy who cries wolf will be right in the end, calling the top has been fruitless. Bulls just stampede onwards and ignore any risk. The true bears sit in their corners and...

Fractal777

Positive "news" drove the markets higher as first unemploment claims dropped significantly and retail sales surged. This was the catylst for bulls to ignore our upper trendline with a punch through. All the evidence pointed to exhaustion or an extreme mania finishing. The TRILLIONS of methadone will keep this zombie alive. Goosing the economy has to continue for...

Fractal777

Silver has signalled the next big rally with today's confirmation. This is derived from the left arrow showing firstly the breakout and the second arrow bouncing off the downaward trendline, or also known as a kiss back. There have been multiple candles bouncing off the 4hr chart and now we have today's surge. Also, the downward wedge pattern since February has...

Fractal777

Is this the end of the road and the final destination before a huge correction? Volume has waned to dribbles as we approach the zone. We would expect increased buying at higher prices...this void serves the warning. Smaller daily candles and an eerie quiet. Tops take time, major tops take forever. Turns are more often subtle than sudden....last March caught out th...

Fractal777

A termination convergence is fast approaching the markets. Trillions upon trillionshave masked the rotten economic condition of reality. Tens of millions in the US alone are on permanent welfare....welcome to Universal Basic Income or UBI. Inflation is the bogeyman knocking on the door...prices are up at least 10% the past 12 months. Government numbers are fudged...

Fractal777 Updated 

Bitcoin just cannot stop rising. A clear and perfect parallel channel has formed. Further, a breakout above the down trendline confirms the move upwards. $70,000 is the next target or more! $30 billion losses, Archegos Assets, which has impacted several large Wall Street investment banking houses, including Credit Suisse. Good trading