Gold might pullback to around 2019 and then go up to complete a short term reversal h&s pattern. There is bearish divergence on the 15 minute chart, but the hourlies look good... that is not the case for the daily though, but the higher it goes now, the more it falls once the next time the daily wave turns over... and coincidently, there is bullish divergence on...
Natural Gas has dropped down to the bottom of the channel and is primed for a jump. There are bullish divergences on the hourly wavetrends, the Daily is working to turn up, and the Weekly/Monthly waves are strong. I this to coincide with a minor pullback of USD. My first target point is $2.33, but I'm hoping for it to jump up near $2.6. If it does go to $2.6,...
I'm not sure why, but Natural Gas just jumped 10%, but the chart looks very bad with major bearish divergences all over. I'm looking for it to jumped up to the $2.180 - $2.200 area and then start to pull back. If it does, it would form a H&S reversal pattern, possibly to the $1.600 area. If the price breaks well above the right shoulder line, this idea should...
My forecast over the next for the S&P has it going up and possibly making a high, but I couldn't figure out what the catalyst might be... could it be the falling dollar? partially... but now I see the AAPL chart and it looks like it's upcoming run might just carry the entire market up. Not only is there bullish divergence on the Daily Waves, there is major bullish...
As I mentioned in my Natural Gas Forecast, I believe that Natural Gas is ready to move up, so I decided to check out CHK which I believe is in the NG business. It appears that CHK is nearing the bottom of a descending wedge with the potential to break out and form a great H&S reversal pattern. The hourly waves are all in good position and the Day wave is about...