3/10/20. SPX500 2 hour chart. This could be a relief bounce to around the orange line (micro iv) and drop down to around 2600 area is possible.
IWM - Russell 200 ETF. 2/29/20 Since 2018 December low, Russell 2000 index for small caps have not recovered unlike the larger caps like SPX and Nasdaq. At this point, it's possible to consider something like this.
3/5/20 SPX 2 hour chart. The original idea considered the b wave pull back a little bit deeper. Nevertheless, it's following the base idea. Let's see if I get c wave up soon.
3/8/20 SPX500 Index futures Overnight non cash hour limit down circuit breaker (down 5%) activated. During regular trading time will be 7%.
3/7/20 XAUUSD daily chart. Caution is warranted
3/6/20. SPX500. 2 hour chart. What a wild swings we have been getting... but I am really enjoying this volatility to do some quick day trades. Here is what I am reminding myself of SPX for the next week. Primary path vs alternate path.
4 hours chart. Thinking possible game plan for next couple of days 3/4/20 - 3/5/20
3/3/20. Weekly Charts of TLT (20 yr bond ETF) vs TNX (10 Yr Treasury yield) compared. In order to crush high inflation, They raised interest % in late 70's - early 80's. As a result, the rate peaked in 1981 and 10 Yr Yield was near 16% and mortgage rate was 17-18%. People were getting 9% interest on simple CD from the banks. Today, 3/3/20, The 10 Yr yield...
3/1/20. GDX 4 hour charts I issued a warning on 2/23/20 of Risk v Reward. At the Friday low, GDX was down a bit more than 20% and NUGT was down a bit more than 50%. I FEEL for all those people who jumped in at the last leg and getting burned but that's how it usually out. Identifying Risk vs Reward and Resistance zone vs Support zone is important.
3/1/20. Silver has a set up for another leg up if it wants to take it. Yellow support line needs to hold.
Weekly IEF chart. 2/28/20 Risk vs Reward warning Bonds have performed very well and Treasury yields have tanked Could it go higher? Sure.
GDX 3 day chart 2/23/20 GDX is nearing a resistance zone. If GDX stops around 32 - 33 area and pulls back to the support zone then I will likely view GDX has a bull market to look forward to for a long term but if GDX extends to the red line around mid 36 area, then pulls back hard, I would view it bearish for GDX. Until now, it's been a fairly easy ride but...
Natural Gas 4 hour chart - 2/26/20 Is Natural Gas going to hold here?
2/22/20 SPX 2 hour chart 2 paths shown, primary in yellow and alternate in white. I try to be objective in my trading and take it one step at a time approach - it means a condition must be met in order for me to think the market is going to move to the next level either up or down.
USO 4 hour chart 2/22/20 This is a short term 4 hour chart. USO is correcting from its first resistance. If the support box is broken, then USO is likely to go further down to the Trend line below near 10 area. If the support box is held, I will be on the look out for (i - ii) micro level structure to be bullish.
Monthly chart: About 40 year cycle of declining interest cycle may be coming to an end in about a year, finally. Interest sensitive assets and securities may be impacted, some more severe than others.
If the box area holds, Silver could be primed for another leg up.
I know people are very bullish with the yellow metal, in fact, everyone i know is bullish.... but something like this is a possibility. I think the easy part of the ride up is behind me and now I am being cautious from here on. There's a difference between the XAUUSD and I was looking for around $1640 +/- on XAUUSD but GLD looks to be pretty toppy.