Dow 30 Industrials Average Index tracking ETF
Technical analysis of the US stock market, gold, silver, crude oil & natural gas providing the near-term outlook along with key support & resistance levels.
Technical analysis providing the near-term outlook for the US stock market, gold, silver, GDX, crude oil & natural gas. playback speed can be increased in the settings to reduce the duration of the video
Technical analysis on the US stock market, gold, silver, platinum, GDX, crude oil, utilities & various agricultural commodities & ETFs. Playback speed can be increased in the settings to reduce the duration of the video.
All three of the major US large cap indices have now clearly & impulsively broken down below the 60-minute uptrend lines/bearish rising wedge patterns, thereby providing a sell signal on the US markets. Once again, this week is by far the most significant week of the current earnings season not to mention several key economic reports as well as the FOMC meeting this week. As such, volatility is likely to increase throughout the week which increases the risk of sharp rips & dips, whipsaw signals, stop-raids, etc.. click on the first chart to expand, then click on the right [...]
All three major large cap indices (S&P 500, Nasdaq 100 & Dow Jones 30) are all approaching the "sweet spot" of their 60-minute bearish rising wedge patterns where a breakdown typically occurs. The first sell signal of 2018 will come on a break below the uptrend lines on all three of these major stock indices, ideally on an impulsive breakdown and/or 60-minute close below. I would put extremely good odds that all three indices break down below these wedges no later than tomorrow.
Technical analysis providing the near-term outlook for the US stock market, gold, platinum, silver, crude oil & the US Dollar. Playback speed can be increased in the settings to reduce the duration of the video
Technical analysis providing the near-term outlook for the US stock market, gold, silver & the mining stocks, natural gas and crude oil. I've also included a static 60-minute chart of /PL (platinum futures) below the video as platinum is starting to break down below this very extended price channel with negative divergences in place. Potential price targets are shown below. PL 60-min Jan 22nd