Friday Snapshot

This is a snap shot of 'things'  for Friday

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July 28th- No, Not Icicles – ICL’s

With every passing day, we are 1 day closer to one of the best trade opportunities that the Precious Metals Markets offers, and they only occur twice a year. Let's discuss the various market sectors and then we'll look at Gold, Silver, and the Miners ...

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Wednesday June 27th

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Tuesday June 26th – Market Drops Monday

 

NASDAQ - June 18th, I showed the bearish rising wedge forming on the SPX & NASDAQ . Read the chart.

NASDAQ - After 4 drops & reversals higher in a row, we had a POP to new highs.  Deceptively strong looking, but the WEDGE was still in tact, so I wrote that  "we would see if this bearish rising wedge would break out higher or down"  (  They almost always drop down).

 

THE WEEKEND REPORT SHOWED THIS WEDGE AGAIN.  I SEE A HIGH VOLUME DROP FRIDAY THAT WAS LIKELY POINTING TO A COMING  TECH DROP.

 

NASDAQ - Monday at 10 in the morning , this is how Monday started...

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The Weekend report – The Launching Pad at T Minus (?)

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This is your Big Picture Weekend Report...

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Friday June 22

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June 21st – Golden Plunge

We have been waiting for a bit of a Golden Plunge for a while, and it is not something to fear if it happens. We are in the timing for an ICL, so the next drop could be he final drop before a strong rally begins. Let's review the various Market Sectors and discuss Gold expectations again...

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Wednesday June 20th

 

NASDAQ - As the markets try to pull back, it looks like buyers are stepping in and propping it up a bit.  We have seen 4 reversals in a row during the selling in NASDAQ.

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Tuesday June 19th

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Still Waiting On Gold – Weekend Report

It was a crazy week of activity, from the meeting between U.S. President Trump & North Korean leader Kim Jong - Un, to the FOMC Mtg Wednesday and the ECB Mtg Thursday. With all of that, nothing really changed....until Friday!   Let's discuss the weeks Market activity...

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SPX WEEKLY - Nothing changed with the General Markets, this is still a bullish set up.

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