Subconscious
I have decided to release a large part of my last weekend report to the public, so that you can see what we at Chartfreak have been looking at. Enjoy.
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Have you ever heard someone say, "In the back of my mind, I was thinking about..." ? Well, in this weekend report I'm going to discuss my analysis ( technical / Cycles / etc) and the conclusions that are drawn from that, but I also wanted to mention a few things that have subconsciously been ' in the back of my mind ' in a few areas.
SPX - Friday I pointed out that we could bounce here, but I still expect a bit more of a drop after a bounce.
We did get the bounce at multiple support areas after filling a lower gap & 'buy the dip' has been working. Now we could fill the overhead gap.
These patterns do look similar with a continuing rally, and some may think that it would lead to further rally upside...
But ' in the back of my mind '...
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“Where Have You Been?”
I received a couple of emails recently from the public readers ( one was an old friend, Thanks Bob C. !) , either asking where have I been when it comes to my public posts, or asking me to review what I have been seeing lately. I've been very busy this spring with the premium reports and a private chat area that we have in there, plus other outdoor activities and responsibilities that I care for every spring, but as for a review? I would be happy to do that. 🙂
The General Markets became choppy in March and I was expecting a drop into a daily cycle low. I estimated that the 50sma would be a good target.
For over a month things were choppy and difficult to trade really, until we got a directional break. The drop was not as sharp as I had imagined, so some of the trades that I was taking were working out, but others lacked follow through, got choppy, and stopped me out. I admit that this was choppy and a difficult environment to trade in.
From April 25 - Currently we see a pattern of consolidation and then moves higher ( With pullbacks along the way). We do have a FOMC MTG this week, and there is a chance that that may cause the markets to dip into a low
PUBLIC REPORT – Breaking Out
In several of my last public reports, I presented the Precious Metals markets as bullish. Have you been able to take advantage of that? At Chartfreak, we have been confident and able to make great gains in this sector since the December lows. I want to again share with the public some of our weekend […]
