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I imagine that with this opening theme picture, you may think that I am going to start by discussing the burning Hemp Legalization topic or something? Well, actually, this report is going to focus on just one thing, and that is The Precious Metals Sector.
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Alex - Chart Freak2019-01-02 03:28:302019-01-02 03:40:20Wednesday Jan 2, 2019I would venture to say that by now, after the past several weeks of choppiness and selling off, most if not all here know my thoughts on how things could play out going forward. It does seem that things are lining up now. let's let the charts speak for themselves. Let's get right into it...
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SPX - On Dec 24th, I gave several reasons that this should be the ICL that I have been expecting. I mentioned the PUT / CALL Ratio, Sentiment, etc, so a reversal here is a buy with a stop under the lows...
SPX - Capitulation volume came in on day 38, and that is good timing for a DCL/ ICL. The 3 day bounce is not even near 'Overbought".
This is where it gets important...
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Alex - Chart Freak2018-12-29 23:21:222018-12-29 23:21:22Dec 29th – The Weekend Check Up
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Alex - Chart Freak2018-12-28 13:06:022018-12-28 13:30:42Friday December 28th- The Bounces
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