I would be careful with long gold here, we are due for a correction. Also sentiment and COT report suggest this.
think there will be a tweet or announcement this sun or mon. especially after US market up.
Posted 29 August 2019 - 06:46 AM
I would be careful with long gold here, we are due for a correction. Also sentiment and COT report suggest this.
think there will be a tweet or announcement this sun or mon. especially after US market up.
Keep Calm and be Long
My opinion on markets, or anything, is a health hazard. Follow or fade at your own risk!
Posted 29 August 2019 - 08:27 AM
Hi blustar, it looks like the B wave took a short cut towards the top without a prior low.
Posted 29 August 2019 - 01:11 PM
Alexnewbee, you nailed it and I just got nailed. The minus 12% call I think was for GDX on MOnday. So today was also correct in the sense that "it " was large, just wasn't a selloff but a large rally. So the LARGE was correct.
Posted 29 August 2019 - 01:23 PM
Alexnewbee, you nailed it and I just got nailed. The minus 12% call I think was for GDX on MOnday. So today was also correct in the sense
that "it " was large, just wasn't a selloff but a large rally. So the LARGE was correct.
Thank you Skott. I am still holding my DAX longs, want to exit them tomorrow. Probably tomorrow will start to short ES and Nasdaq, but need to see the action first.
I also like your trading style. Would be interesting to hear your trading ideas.
Posted 29 August 2019 - 03:13 PM
Alex, do you trade the DAX futures? NOw that is a monster.
Posted 29 August 2019 - 04:30 PM
I'm looking for about 110 SPX points to the down side Friday to around 2815. Then a huge surge into Sept 4 above 2943 (2949-54) then down hard into Sept 11 into the 2460-2500 area.
Posted 29 August 2019 - 04:33 PM
that is bipolar
Posted 29 August 2019 - 09:03 PM
I don't think you ever want anything trine Uranus.
Why? You don’t like surprises?
Gis
If anything is ever Trine Uranus see a Dr. right away.
Edited by skott, 29 August 2019 - 09:04 PM.
Posted 30 August 2019 - 02:20 AM
accept
I disagree, we go up tomorrow.
I'll take you up on a gentlemans' bet!
Posted 30 August 2019 - 02:21 AM
Alex, do you trade the DAX futures? NOw that is a monster.
Yes, sometimes. They call DAX "the derivative on US markets"
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