A strong move up off the 5 week cycle bottom in the week just past. I would expect that upside momentum to fade in the upcoming week. If not then the market should be challenging the old highs and possibly setting ATHs by second week of June.
According to my cycle analysis the longer cycles should keep the 5 week cycle in check and the market should fade during most of June. If we are going to get an ATH (All Time High) I hope that the market goes ahead and makes an ATH soon.
GL traders
Cycles are a tool and should not be used to the exclusion of other tools. There is always the possibility (high probability long term) that the data will be misinterpreted or a relevant fact over looked. So use cycles to check your analysis, not as the only reason to make a decision. Interpretation is the opinion of the author and may be incorrect and should be viewed in that light.
Saturday, May 28, 2016
Thursday, May 19, 2016
May 19, 11:45 GDX buy signal
FLD crossed and interval (15 min) closed above (buy signal):
SHORT term trade - GL traders
two miners
SHORT term trade - GL traders
two miners
Friday, May 13, 2016
May 16, 2016 weekly outlook
The SPX has been down 3 weeks in a row. Surprised SPX not down more. Was expecting market weakness, but this week not as weak as expected.
The upcoming week should continue down this week as several cycles are synched down....
GL traders
The upcoming week should continue down this week as several cycles are synched down....
GL traders
Sunday, May 8, 2016
GDX May 09, 2016
GDX on a sell signal. As we are using short intervals (15 minutes) this is a short term trading call.
Silver sell "alert" (longer trade daily chart)
GL traders
Silver sell "alert" (longer trade daily chart)
GL traders
Saturday, May 7, 2016
Outlook for week of May 9, 2016
The 20 week cycle should by now have strong downside momentum. The 5 week cycle is also hard down. Expect another down week for the week of May 9. OLD SAYING: "sell in May and go away" may prove out.
GL traders
GL traders
Monday, May 2, 2016
May 02, 2016 GDX sell signal
Alert on Friday as price touched FLD from above and sell signal today as price bar(s) completely below FLD.
Buy alert: reverse sell soon?
firs buy alert reversed and new buy "alert" near close today:
Buy signal as price moves completely above FLD:
Sell "alert" and reversal by close:
GL
Buy alert: reverse sell soon?
firs buy alert reversed and new buy "alert" near close today:
Buy signal as price moves completely above FLD:
Sell "alert" and reversal by close:
GL
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