Tuesday June 26th – Market Drops Monday

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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

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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

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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

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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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June 15th – CHANGE

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I want to briefly discuss something that I mentioned  I was looking for to signal a change in the Gold Market.   I believe we have that change as of Thursdays ECB Mtg.

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And Next – The E.C.B.

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At times the FOMC Meeting and the ECB Meetings can be game changers, but so far we survived the F.O.M.C.  Rate hike.  Now Thursday at 8 a.m. Eastern time,  we face the ECB Mtg.

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Fed Wednesday-

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What Can I Say, that hasn't already been said?  I was thinking about this FOMC WEDNESDAY Report, and   basically we have covered it all, so What Else Can I Say? We have been through this FED DAY CHOPPINESS many times too, and so I got to thinking,  "The weekend report was written with this FOMC Mtg in mind".  That's when I decided to take the charts from the weekend report and add them here as a review, along with some newer updated charts. That way we can see what we expected then, and where we are now.

Honestly -  expectations remain the same. Let's take a look...

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