well, looks like Canadians predict a SPY gap up tomorrow.
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victorm wrote:Cobra, please, share your view on Silver / Gold for the next week. Thank you.
oil, gold and dollar, now I do regular update in my public chart list. You can find them in the very first page.
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Futures, I see a perfect Rising Wedge. Let's see if indeed it's bearish.
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The price action is questioning my short-term bearish scenario.
It has established a marginal higher high. The thrust could be justified by a completed Leading Diagonal wave (A). Two consecutive candlesticks above the Bollinger Band are suggesting that the move is a “bit” extended. But if my scenario is the correct one XIV has to reverse quickly to the down side, maybe unfolding a Flat.
2. VXX:
The forceful sell off from the November 15 peak could be the final thrust out of a large Triangle. (A triangle thrust usually unfolds an ending pattern)