matt.sulli42

matt.sulli42

Look for support around 2135--> if it breaks this support level, I would expect LT trend to follow the pitchfork pattern. Follow gold to be sure, and keep a healthy dose of skepticism in these upcoming weeks and months of volatility. Best, Matt

matt.sulli42

Bullish MACD, Neutral/Bullish Stoch + RSI, Price is above 50 + 200 EMA. Why not purchase a couple of round lots, make a few bucks?

matt.sulli42

Expect lower prices/decreasing momentum until the new year

matt.sulli42

This could confirm a nearing end to Gold Volatility

matt.sulli42

Possible for cup/handle (inverted), also look for triple bottom at mid-september lows to end fifth (5) wave

matt.sulli42

Final days I should think to get in your NUGT/DUST/JDST/JNUG orders!

matt.sulli42

Expecting lower for U.S open. TVIX?

matt.sulli42 Updated 

Completion of wave 5, correction to low of wave 4

matt.sulli42

Target c range around .618-1.618 of wave a

matt.sulli42

Retest of .618 of Uptrend Successful. Further good news is it's around the .38 of long-term (previous downward) trend. Also, just above the 100 EMA.

matt.sulli42

After hitting a 2015 long term high,aaoi appears to be entering a corrective wave: which is good if we hope price goes up afterwards. But if it consolidates or enters a second corrective phase, a downtrend could follow: and with a break below the fib fan resistance level, that could very well happen. Best, Matt

matt.sulli42

Last Wave III is shorter than last wave I --> thus, wave 5 won't be same length as wave 1. But not only does it look like we have a buying opportunity before wave 5, higher lows have been suggesting potential future growth. Best, Matt

matt.sulli42

Stochastic is beginning to look bearish as well.

matt.sulli42

Buying CRC around 10.9- 11.3 has been a safe bet as of late (if you can afford the round lots, which I sure can't!). But this chart shows why the stock could go under 10.6 in the near future... (assuming wave iii= longest)

matt.sulli42

stoch looks bearish, could be in wave two?

matt.sulli42

One more retracement up followed by a downtrend would make fib numbers work for GALE price action. Food for thought

matt.sulli42

Support around both the previous .5 retracement and current .618, but a downwards bet on gold could complete a wave 5 before correcting to wave 4 low. I expect either a double abc, or a setup for a small head and shoulders (rise to 1280, fall to neck-->1285 back down to neck). Increasing volatility and Volume could cause expansion of price above 1285 in next...

matt.sulli42 Updated 

Increasing Volatility and Increasing Price Range