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nice pop but bullish vix set up and nyad in common turn area upon us...today for sure lipstick on pig day, anticipate pull back next week, question if small or big...
Both the down and up gap targets from last post hit in 3 days. Wow.
The NYMO cycle remains solidly up.
Of note, we may see a price divergence in the days ahead where NYMO is making notable highs but price can't make fresh highs.
If so, it has bearish implications. Bulls have to keep charging.
I remain long. Holding after the latest missile show was an ass grabber.
Took a scale this morning on the gap close and have gone risk free with stop.
I'll be looking for signs of a turn next week and into 9/11, but anything can happen.
Pretty clear what we are re-testing using the end of the month strength in a low volume low activity end of summer time period. Experts all say next month investment committees will be meeting. I know my wife's charity will be. This up move will make many of those committees decide to stay with the plan when they see their monthly results.
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be uber careful on long term /GC golds.. . DXY monthly expanding wedge, doji and multi decade support.. "IF" DXY 104 goes look to a 3-4 year rally in DXY to 134.00 +41% - gold will get destroyed.
German elections Sept 24th