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we either have a wave 1 of a new bull market or more backing and filling


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#111 K Wave

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Posted 18 January 2023 - 12:18 PM

If Silver breaks the 23.11 level this week that should confirm the top is in.... 

Sure looks like bulls just up and quit at 24.20 this AM there


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#112 K Wave

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Posted 18 January 2023 - 12:30 PM

not a very pretty 4 hour candle on gold forming...below that last swing low, and things could get dicey fast....

 


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#113 dharma

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Posted 18 January 2023 - 12:35 PM

sure looks like the spy turned and the metals also  turned 

dharma



#114 linrom1

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Posted 18 January 2023 - 12:36 PM

Avi Gilburt unsolicited tout!!!!!

 

.......But, if we enter "ludicrous speed" during one of these extensions, we can easily see momentum take us as high as $2,745. But, for now, I think the $2,428 target is the most reasonable and will be my initial focus. I would imagine we would have more information to make our target a much more high confidence one over the coming 12 months.



#115 dougie

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Posted 18 January 2023 - 01:32 PM

all eyes on the Yen imo. everything else is noise



#116 dougie

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Posted 18 January 2023 - 02:42 PM

gdx small h & s top?



#117 linrom1

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Posted 18 January 2023 - 02:50 PM

Huge reversal on DXY. Today was another CPI, PPI and FOMC day where they kill the Dollar.



#118 dharma

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Posted 18 January 2023 - 04:14 PM

dust in a falling wedge

dollar oversold w/divergences

dharma



#119 Russ

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Posted 18 January 2023 - 06:08 PM

Huge reversal on DXY. Today was another CPI, PPI and FOMC day where they kill the Dollar.

Nice Doji star, that should signal a turn back up for the buck. 


Edited by Russ, 18 January 2023 - 06:13 PM.

"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



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#120 K Wave

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Posted 18 January 2023 - 08:22 PM

Careful if that last swing low gets taken on Gold here after the pic perfect back test of the breach....

 


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy