4036 replies to this topic

[K Wave]

as far as the broad market goes i believe we are heading for a major bottom around 

 

july 4. gann said market tend to turn around jan 4 and july 4 . the sp topped jan 4

 

i think it bottoms around july 4 . just my take 

I think that is a decent possibility...one more big swoop down, and then next big down comes in the fall...

 

A close under 700 on TSLA will set the table for possible big down wave...still HUGE air gap in daily chart on that one, so last leg could be a doozy if 700 don't hold today...

Edited by K Wave, 28 June 2022 - 12:35 PM.

[dougie]

liking this action

[linrom1]

 

How does this not break out?

[dougie]

 

looking at boil which is based off of ung etf . ung had a critical level of 22.1 it dipped underneath there 

 

and now is back above . i think boil is going to 150 fwiw it is now at  64 fwiw very volatile 

 

that 22.1 was the wave 1 top on oct 5 2021 

 

one more test of the lows imo

[Smithy]

Kwave - you now looking for gold to drop to ~1700? 

Equates approx to silver $19.50.

[dougie]

Kwave - you now looking for gold to drop to ~1700? 

Equates approx to silver $19.50.

1700 and it is lights out IMO

[dougie]

correction, below about 1660 and light out imo

[dougie]

is it possible that the commodity cycle has TOPPED? I dont think this possibility can be ignored.

Case in point?

wish I was in the land of cotton Old times there are not forgotten

 

Cotton

https://finviz.com/f....ashx?t=CT&p=w1

[Smithy]

Was that THE low for silver at 3 am PST at $20.70 ?

[K Wave]

Gold bangs on 1833 again this AM...

 

This wedgie likely gonna break soon, so bulls have to go and reclaim 1833 very soon if they want to avoid a breakdown...