What a nice time out in the wild for me come back to town, no surprise on the market side of thing, as expected. now my reading is sell the Rip is officially on.
short term I see we are close to captain obvious support level. will 90% of TA guru get in right and make a killing on the long side here? MA and FIb support.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
Looking at /ES open interest, still too high to say the low was in. I am hoping to see open interest below 1 for mid term bottom. this is a lagging indicator by the way.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
Wondering why gold at $1850 is cheap, or why gold at double that price will also be cheap, or frankly at any price? Because, as the following leaked cable explains, gold is, to China at least, nothing but the opportunity cost of destroying the dollar's reserve status.
If one compares SPX weekly and monthly charts, it appears that they communicate a different "sentiment": Monthly SPX keeps a strong bearish allure, while weekly SPX, at this point, is rather undecided.