MTBigsky

MTBigsky

Japan is Crashing. Note the Blow-Off Top. NIRP is Insanity & Will Mark the End of the Legendary QE Bubble

MTBigsky

Euro<All Daily MA. Short Against 50day for Imminent Breakdown. 2 year consolidation ripe for break.

MTBigsky

50 3hr MA Acting as Resistance

MTBigsky

1950 was a pivotal area in August. Will it be defended as new resistance?

MTBigsky

Gold Had it's chance & failed miserably. It simply cannot compete with the strength of the Dollar. I expect this Bear Pennant to Break Lower.

MTBigsky

Crude Oil has basically crashed from highs north of $90/barrel. For months it has been working off the oversold condition by consolidating and trading in a range. It has become very chic to call the 'bottom' for crude oil but it is imperative to realize that crude is still in a Bear Market as denoted as underneath it's 200dma. I personally like to use the 550dma...

MTBigsky

This market has been frustrating. Just when it looks like it's about to fall apart, it rallies. Just when it looks like it's about to shoot the moon, it sells off. I've been thinking it's topping out for a while now but it just continues to hold up amazingly resilient. I'm basically determining my bias via prices relation to the 100 Day Moving Average. Above I...

MTBigsky

The lack of the Federal Reserve to initiate a tightening policy as they have been falsely promising for years is causing confusion between market participants. The consensus still believes that they will eventually raise rates but the longer they stall, the more uncertainty creeps into the marketplace. Are we living in a world where ZIRP is not a just a temporary...

MTBigsky

Most likely this 6 month consolidation of the EURUSD resolves lower in favor of the established downtrend. A potential low risk, high reward trade would be shorting EURUSD here with a stop placed above the prior highs. Mitigating risk and swimming downstream along with trend.

MTBigsky

Watch this move as it develops. Alot of carry trades are short the yen. Violent currency moves have huge implications...

MTBigsky

How much longer can the S&P 500 continue to sluggishly push uphill? The volume must be hiding with the enthusiasm, nowhere to be found.. And with the Macro data coming in worse every single week since the end of QE can you blame people for being cautious? The USD is finally continuing its unstoppable upward march after a two month sideways consolidation. A...

MTBigsky

The EURUSD is doomed for disaster. Euro = QE USD = Rate Hikes Don't Fight the Fed!

MTBigsky

Gold is oversold on the 4hr RSI chart. Gold Bears are out and about in full force still and are playing for some sort of imminent breakdown in the metal. There is still alot of interesting things happening in the gold market. Prominent Gold bulls are proclaiming a shortage in the physical metal and massive demand by eastern forces. Big things are afoot in the...

MTBigsky

Bullish RSI Divergence. SODA is hated and highly shorted despite being a profitable company. I think that this could easily bounce from here. Also nice volume pocket above if it can get all the way into that gap fill.

MTBigsky

Much hated and maligned Gold has been doing work and the potential Reversal I had pointed out earlier is so far going swimmingly. We are now testing the 550 period 4 hour MA. Expect a battle to ensue here as Gold slowly works off the toxic resistance and negative sentiment and sprints higher. Watch as a powerful new trend begins.

MTBigsky

The potential reversal in gold is looking good as major Moving Averages begin to cross and turn up. The Swiss Gold referendum didn't pass as expected and many eager shorts thought that was their opportunity to short gold into oblivion. This is still a very hated and heavily shorted sector that is ripe for a major paradigm shift and short squeeze.

MTBigsky

Lets see if this support trendline can hold as Gold finds its way into an area of demand.

MTBigsky

Being a Bear has been an extremely tough gig in this market. This latest violent V-Shaped rally has fucked me up, eviscerating all of the gains I made in the October plunge. There has been an immense amount of Central Bank manipulation in the biggest Ponzi scheme in the world. When the markets finally started to correct in October; a harmless, natural correction,...