Gold formed a swing low off the day 34 low. But has yet to deliver confirmation of a new daily cycle. Gold is close to entering the Danger Zone. 144 more words
2 days, 2 hours ago
Oil formed a swing low today.
The daily oil cycle peaked on day 9 and has declined since. Oil printed is lowest point on Tuesday, day 42. 64 more words
3 days, 1 hour ago
Stocks printed an intermediate cycle low on July 7th. After peaking on Monday, day 9, stocks dropped for 5 straight days before finding support at the 200 day MA. 210 more words
4 days, 2 hours ago
Last Thursday we discussed how one of the headwinds facing the Miners would be the dollar emerging from a daily cycle low.
The Miners might have begun sniffing out that scenario today … 221 more words
5 days, 2 hours ago
The dollar’s daily cycle peaked on Tuesday, day 21. A swing high formed on Wednesday and the dollar lost the 10 day MA on Thursday. 499 more words
6 days, 2 hours ago
The GLD ETF formed a swing low today.
The GLD ETF printed its lowest point on Wednesday, day 32, and formed a swing low today. However the swing low was not a clear and convincing swing low because GLD ended up closing lower on the day. 155 more words
1 week, 2 days ago
We discussed here yesterday that gold is in its timing band for a daily cycle low. So we are now hunting for a swing low to signal a new daily cycle. 151 more words
1 week, 4 days ago