The stock market turned back from SP futures 30-minute M/A and DJI critical M/A. Precious metals finally are responding to dollar weakness. Gold and silver appear to be breaking out of triangles and I have stood aside. The dollar ran up to it's critical M/A yesterday and turned back. I'm waiting for .55% hourly or 90-minute close to turn bullish.
I1 is a risk-on/risk-off sentiment gauge. It peaks today at a double-top with yesterday. In the past with double-tops the stock market has a tendency to peak the second day noonish, but this is just a 50%. I believe that the top is in.
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$1500...yippeee!!!!
ReplyDeleteNow that's a round number! Yippeee, skipeee!
ReplyDeleteThis is unreal. It just won't stop.
ReplyDelete