678 replies to this topic

[dougie]

not wed to that

[dougie]

so far so good

how low can we go?

[senorBS]

so far so good

how low can we go?

if its wave 5 of C from late March highs in XAU/HUI/GDX then probably just/modestly below last weeks lows, could give us a nice daily divergence if that occurs, we see

 

Senor

Edited by senorBS, 29 April 2019 - 11:50 AM.

[dougie]

bullish count GDX; off the lows 1-2 1-2

[Smithy]

New MICRO ES contract based on S&P500 launches May 6th. Where ES is $50 / point, the new one is $5 a point.

 

https://www.cmegroup...cB&gclsrc=aw.ds

[Smithy]

Does this have any merit?

 

 

[Smithy]

If silver drops down out of this wedge, it is a long way down.

 

 

[senorBS]

If silver drops down out of this wedge, it is a long way down.

 

 

valid count IMO but I trust little here, SLV looks like it may try for a new low and the BIG Q is if this mornings marginal new decline lows in HUI/GDX/XAU are wave 5 of C's of large corrective declines? and if its a wave 5 of C how low might it go? HUI would fill a gap left from late Jan at 153.30 and GDXJ's prev low (possible wave iii of C) is a bit lower at 28.61, big day

 

Senor

Edited by senorBS, 01 May 2019 - 09:50 AM.

[Smithy]

We'll see what the jobs report, coming out at 8:30 am EST Friday does to this pattern.

 

 

[Smithy]