gghsusa

gghsusa Updated 

markets inhale/exhale and we're now peaked on these price cycles with a potentially large exhale coming. time is not a factor in this cycle analysis using renko; this is strictly based on the price cycles

gghsusa Updated 

$MCD looks ready to simmer down for a while. MCD will probably be great long long term but it could be due for health consolidation/correction.

gghsusa

$xauusd $xagusd $gdx $dust $nugt $gdxj $jnug $jdst $dxy $silver $gold I'm looking for the dollar to continue these natural cycles and form a low towards end of 2020 watch for a possible spike before the low. Gold, silver will most likely sell off again and offer another very good opportunity.. perhaps we'll see a huge rally in precious metals through 2020. Buckle up.

gghsusa Updated 

$vxx $uvxy $tvix $vixy $vixm $vxz I believe market volatility is coiling up. The vix has been making a wedge while the market has been making an expanding topping pattern. Energy appears to be building. I'm loving the vix in this range.

gghsusa Updated 

Drop below 50 = economic contraction. What's concerning is market has been making all-time highs while ISM has been going down. I interpret that as a fundamental problem and as a friend once told me, "Fundamentals are king...eventually".

gghsusa Updated 

$x $aks US steel looks good-Potential for lower prices before it breaks above this descending pattern. I was bearish on X above 46. I didn't think it would come this far down but some special could be in the works.. It could go RIPPING higher but I would not blink if it dropped to 5 or 6 per share again. Bear chart from 2018:

gghsusa Updated 

$uso $uwt $dwt $usoil Potential descending triangle on OIL. Correction to the 30's? Massive bull run and breakout above? I think we'll see oil hit 64-65 before correction next few months and landing sub 40. How low that goes is not important.. This pattern should be concerning.. If oil ultimately breaks above (hmm, what would cause that), it's going to come at a...

gghsusa Updated 

$spy $spx $spxl $spxs What is going on!? Did everyone just get a stunt pulled on them? The futures chart has not made new highs yet which still leaves room for this being a big corrective drop to (C). Let's see what happens! We're on a razor's edge of knowing..

gghsusa Updated 

Hmm, here's another one. In terms of risk/reward I think I'll buy a few puts up here. up 520% since Dec. low.. I cannot make fundamental or technical sense out of this.

gghsusa Updated 

A little history lesson never hurt anyone. Could we have the perfect storm melt-up scenario? The Dow basically doubled in two years into this melt-up.. history to repeat nearly 100 years later? I would not dismiss the possibility with our seemingly endless money creation practice..

gghsusa Updated 

$ung $ugaz $dgaz $boil $gaz $unl $kold Make no mistake- ol natty will be quite bullish but watch for another big flush drop into this descending formation - very likely another drop before the bull can break out. Short term could be bearish.. wait patiently I may consider some UNG puts until we can break out of this.

gghsusa Updated 

drop, rally through September, big drop through the Fall (my opinion).

gghsusa Updated 

This looks like an expanding zig zag correction (purple) within a very big bullish megaphone (a run over 500 by 2021). How low the correction goes is up for debate but a #5 run on this chart would be quite something. There are very few stocks I like right now going into a possible recession (yes I'm bearish almost everything) but I like Tesla.. Yes, I like...

gghsusa Updated 

Gold/miners to pull back? Long term bullish but a correction should be welcomed by bulls $gdx $gdxj $nugt $dust $jnug $jdst

gghsusa Updated 

$FB showing on weekly candles- a possible diamond top formation. Price can breakout above or below but it's most often to the downside

gghsusa Updated 

$shop red arrow an understatement?

gghsusa Updated 

AAPL under ascending megaphone. Price action has been bullish since December '18 but I suspect a strong drop from here and very soon. I believe the market is in a corrective wave and will not bottom until Mid 2020 from this point. Price may drop fast the next two weeks and then rally through September but that will most likely be just another wave before a much...

gghsusa Updated 

I'm seeing a little diamond top up here. I'm considering short below.. It would be bullish if it broke above but I'm not going long way up here. Watch for MSFT to land on support around the breakout point that descending pattern below.