I looks like it want to go to the upside , but who knows . The break out will confirm and stop the gambling.
the whole market is looking like this
As the SPX is crashing gold is making a nice pump.
I say double top . The RSI is over extended , the momentum is on the down side the path of least resistance. 1 out of 3 American is unemployed , where is this money coming from ? Stimulus package? The same place where the make toilet paper , The paper factory !
How are you going to implement social distancing in an air plane? All the seat would have to be first class?!
Once this breaks resistance , it's going up strong.
about 150 pip up , now time to take the elevator down !
Oil Retracement - get your shorts in for the rest of the week
different view on , fill in the gab
Wait for the full back to get in . Get your 300 pips , with a trailing stop loss .
We have yet to cross the moving averages , the bear market has just started . A bear market last around 700 days , give or take . On a bubble chart patterns we're on the road to recovery "Return to normal", which is an early signal of a bull trap . Time to hedge ! Stay and be safe friends.
As the USD collapses , Gold offers a good hedge against the paper making machine .
Gravity is putting heavy
Free heath care proves to be a valuable investment .