Gold and Silver moved lower early on June 2nd and 3rd. Our research team believes this is a “Washout Low” price rotation following a technical pattern that will prompt a much higher rally in precious metals. This type of washout price rotation is fairly common before very big moves after Pennant/Flag formations or just after reaching major price trigger levels. With…
Proven Strategies
The recent “melt-up” in the US stock market after a moderate downside price move in early May 2020 has set up a number of technical patterns that traders need to pay attention to. This melt-up trend may continue for a bit longer, but price levels and actions are beginning to set up very clear patterns that warn of potential weakness in…
Every election year over the past five US Presidential election cycles has presented a unique set of price rotation events. Particularly evident in strongly contested US Presidential candidate battles where the voters are consumed with pre-election rhetoric. The 2007-08 election cycle was, in our opinion, very similar to the current market cycle in terms of consumer sentiment and economic function. The…
You don’t need a crystal ball — or an economics degree — to notice the pandemic is having a historic impact on the stock market and commodities. Gold initially went down (like all assets) in the mid-March meltdown, but is up 14% YTD. Oil bid negative, for the first time ever, as May futures traders dumped contracts to avoid taking delivery…
Quite a few traders have been discussing the recent rally of Bitcoin to recently breach the $10,000 level on May 7, 2020. This psychological price level is a major milestone for Bitcoin – even though the price has fallen into an extended Flag/Pennant formation since reaching the recent peak. Many traders and speculators are expecting Bitcoin to rally alongside the precious…
While the US stock market has rallied over the past 5+ weeks, Gold has stalled near $1730 to $1740. We issued a research post suggesting the GREEN Fibonacci Price Amplitude Arc was acting as major resistance and once that level is breached, we expect a big upside move in Gold. Currently, Gold has reached just above the Green Price Amplitude Arc…
Friday morning I was live on TraderTV and share some charts and trade setups in sectors starting fresh new uptrends. Please take a moment to visit www.TheTechnicalTraders.com/tti to learn more about our passive long term investing signals, Also, get our swing trading signals here www.TheTechnicalTraders.com/ttt. I can’t say it any better than this… I want to help you create success while helping you protect…
Please take a moment to visit www.TheTechnicalTraders.com/tti to learn more about our passive long term investing signals, Also, get our swing trading signals here www.TheTechnicalTraders.com/ttt. I can’t say it any better than this… I want to help you create success while helping you protect and preserve your wealth – it’s that simple. Chris VermeulenChief Market StrategistFounder of Technical Trader Ltd.
Current data released for the May Real Estate and Consumer Spending activity suggests a wave of refinancing is taking place – and not much else. Pending home sales slipped to 69. That level is 7.4 points below the lowest level in 2010 – at the height of the 2008-09 credit crisis that collapsed the global Real Estate values. How big is…
M2 Velocity is the measurement of capital circulating within the economy. The faster capital circulates within the economy, the more that capital is being deployed within the economy to create output and opportunities for economic growth. When M2 Velocity contracts, capital is being deployed in investments or assets that prevent that capital from further circulation within the economy – thus preventing…