Start of A big Decline

Published March 12, Wednesday 6 AM  PT

Markets around the world are declining starting in Asia And Europe. As we had told you the USA  markets could not be left behind.

Gold is continuing its rally and today it is at its highest level in 5 months. Buying TZA and its call options  on Monday is already  profitable as outlined in our book.

Let the charts tell the story. We have added Bollinger bands  and MACD on our charts to show the technical picture more clearly.Traders generally use B-Bands to determine overbought and oversold zones, to confirm divergences between prices and other technical indicators, and to project price targets. The wider the B-bands on a chart, the greater the market volatility; the narrower the bands, the less market volatility.

Markets will not go down without rallies. The decline will be in five legs. Even the first leg down will have 5 steps.First step down will also have five segments  and so on.( Chapter 5 of our book)
DJI

SPY

SPY One Year Trendline

QQQ

QQQ One Year Trend Line

SQQQ Triple Bear of QQQ  Close to a   buy signal

IWM

IWM One Year  Trend Line

TZA  Close to a  Buy Signal

TNA Should have been Sold on Monday

GLD  Going higher in its fifth leg up

Technical Chart of April Gold Futures ( Kitco.com)

GDX Gold Stocks ETF going higher  in the 5th leg up of current rally.

NUGT triple Gold Stocks ETF going higher

DUST going lower 

Let Us some markets around the world which gave Sell signals before our markets

Nikkei End of recent rally started in early Feb

Hang Seng Hongkong Index Has been going Down since Jan 1 End of Recent Rally

DAX Gave Sell signal two weeks ago.

FTSE Gave A sel signal a Week Ago.

CAC 40 French Market  index