2864 replies to this topic

[hhh]

We had three drives to a bottom as well in GDXJ. Right now there's a broadening triangle that needs to be blasted out of. If it fails here it could be ugly. However, we also have a bullish engulfiing of yesterday's harami on the daily which is encouraging. Chaikin Money Flow has been positive over the last 6 bars on 30m candles. DX got rejected from a descending trendline from the last four days as well. Chili's chart on the GDX thread is looking good too.

Edited by hhh, 10 January 2022 - 03:29 PM.

[linrom1]

They closed their Feb positions and rolled over to April(end of Powell's rate increases).

[hhh]

linrom1: are you saying that the OI isn't looking as bad as you first thought? Thanks.

Edited by hhh, 10 January 2022 - 04:08 PM.

[linrom1]

linrom1: are you saying that the OI isn't looking as bad as you first thought? Thanks.

No, total OI did not increase as of Fri. The fact that they rolled over their Feb contracts which expire on 1/24 to April probably indicates that they're not that bullish right now.

[crossd]

https://twitter.com/...669939665338368

 

SPX  best case 5500 in 2022

 

worst case  3575 in 2022

 

end year 5100  2022

 

 

donc

[K Wave]

10 yr yield with both hourly 200 and 900 kinking up pretty strongly as the big swing high gets taken out...

 

This sort of double kink action usually implies a powerful start to a longer trend beginning

 

Still thinkin' 2022 is the year it all changes....

 

[K Wave]

TNX 4 hour also showing double kink action....as the tide slowly starts to reverse....

 

[K Wave]

Meanwhile...Japanese 10 year rates very very close to 6 year high after the big slow aircraft carrier turn.....

 

[K Wave]

Meanwhile, WEEKLY Yen chart showing signs of double kink downward....

 

2022 could easily be the start of the the acceleration to the end game there......

 

[hhh]

GDX and GDXJ have three inside ups as of yesterday.