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Small gap down, but below yesterday's range, so not sure if the gap will be filled or not.
The pullback on global ES is already 2 legged, so I read it weaker than the previous push up therefore looks like a 2nd leg up is possible.
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My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
SocGen is the latest to go bear gold (GLD) … yesterday.
It is now officially “fashionable” to be bearish gold.
Contrarians listen up, your day is coming.
U.S. investors appear to be dumping gold in favor of other investments, notably U.S. stocks.
(ditto contrarians)
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Al_Dente wrote:SocGen is the latest to go bear gold (GLD) … yesterday.
It is now officially “fashionable” to be bearish gold.
Contrarians listen up, your day is coming.
U.S. investors appear to be dumping gold in favor of other investments, notably U.S. stocks.
(ditto contrarians)
good point al--monthly chart at 3rd bottom after 5 months in a row down would assume a range bounce around that lower bb even if going lower. look back no 5 months in a row down. however when it really hits gld will not make it either (imo)
Al_Dente wrote:SocGen is the latest to go bear gold (GLD) … yesterday.
It is now officially “fashionable” to be bearish gold.
Contrarians listen up, your day is coming.
U.S. investors appear to be dumping gold in favor of other investments, notably U.S. stocks.
(ditto contrarians)
Totally agree, just need a juicy reversal pattern to trade off of
Al_Dente wrote:SocGen is the latest to go bear gold (GLD) … yesterday.
It is now officially “fashionable” to be bearish gold.
Contrarians listen up, your day is coming.
U.S. investors appear to be dumping gold in favor of other investments, notably U.S. stocks.
(ditto contrarians)
Agree Dr. Al. No position for me but monitoring using a longer term perspectice. Check out ChiOsc, must wait for it to turn
Al_Dente wrote:SocGen is the latest to go bear gold (GLD) … yesterday.
It is now officially “fashionable” to be bearish gold.
Contrarians listen up, your day is coming.
U.S. investors appear to be dumping gold in favor of other investments, notably U.S. stocks.
(ditto contrarians)
If Gold is affected by dollar bull, then gold bulls SHOULD be worried...IM very HO.....
Yes it's possible, just in case I booked some profit have a really big headache and my head hurts when I look at the computer screen So don't want to trade today and looks like I am going to miss a very enjoying day
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)