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
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
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