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


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#6641 dougie

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Posted 28 May 2024 - 11:52 AM

 

nvda parabolic . its blowing its top!. hourly and 4 hr divergences . enjoy the display

dharma

 

could go to 1500 first though....seen crazier....or could even double off the final base...1800?

 

IMo we saw a daily top today on Nvdia

solid pullback b4 final launch imo



#6642 K Wave

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Posted 29 May 2024 - 05:38 AM

Rusty does not seem to like the Bond failure yesterday...

 

PA with a pretty big failure at 980 area as well

 

now we see if the rot spreads or not soon.

 

Gold looking just a little bit vulnerable here for first time in a while after no bidders showed up at 36.20 on GDX yesterday...


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

 

 


#6643 K Wave

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Posted 29 May 2024 - 05:44 AM

Gold hourly and 2 hour look after the weak action in GDX yesterday

 

Some running room to downside if it does not get saved right about here

 

1 hr

 

 

2 hr

 

 

My guess is if GDX doers not get hit hard and then recovers above 36.20, then bear bets back off the table

But, after the weakness displayed yesterday, this may be bears best shot at giving things a go for a bit.

 


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

 

 


#6644 K Wave

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Posted 29 May 2024 - 06:46 AM

Should BTC now take out 67K, then that failure to launch could start to look a lot more significant

 

 

 


Edited by K Wave, 29 May 2024 - 06:47 AM.

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

 

 


#6645 K Wave

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Posted 29 May 2024 - 06:50 AM

next few days could be interesting for Naz

 

After indeed getting a nice rally from the turn up, Summation now trying to roll back over right near Zero

 

https://stockcharts....id=p44465978337


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

 

 


#6646 K Wave

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Posted 29 May 2024 - 06:53 AM

Gold....will it hold.....or is the 5 min breach and backtest about to usher in a synchronous whoosh move down?

 


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

 

 


#6647 K Wave

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Posted 29 May 2024 - 06:56 AM

GDX failing to hold 1 min after the failure at 36.20 could be first real hint of possible short term trouble

 

How GDX ACTS from this point forward could provide some good clues

 


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

 

 


#6648 K Wave

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Posted 29 May 2024 - 07:08 AM

PA....as long as the major failure at 1K, and more minor one at 980 holds, there is till the very real possibility that a lot lower price could be coming...

 

It was under $500 as recently as 2016

 

Thought there might be a corrective up wave coming...but sideways might have been all it could muster, and last part of the bear could still be dead ahead.

 

Hourly

 

 

Daily

 

 

Weekly

 


Edited by K Wave, 29 May 2024 - 07:09 AM.

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

 

 


#6649 K Wave

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Posted 29 May 2024 - 07:15 AM

Rusty....2040 big, and possible overshoot to 2020 area

 

But below 2020, could start to look like complete failure to launch

 

Yesterday failure to climb out potentially very big failure

 

How things ACT at key levels is what is important

 

Should Rusty hold 2020-2040 area and then take out yesterday high afterwards. that would probably be pretty bullish now

 


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

 

 


#6650 K Wave

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Posted 29 May 2024 - 07:21 AM

30 min PA failure at 980 looking a bit worse bar by bar

 

careful out there today

 


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