Goldtent TA Paradise

NG Monthly Multi Year…

$NG Monthly One Year…
Close up of monthly chart…
Futures have dropped to test $2.92 again…hitting the year long trend line which has provided support…
Will go long in the AM, dependent on the price action…

This should give the BEARS a decent move…
I am watching for a gap and go in TVIX…

BULL descending triangle…

These are my thoughts Chuck…

White candle on GDX today is nothing more than a break out and back test of DUST BULLISH descending wedge…

GDX 60 has hit diagonal resistance and previous upper trend line gap resistance…
Lower high…A bounce on life support…

I was asked my opinion on the miners…
Well, from a DUST perspective–not good for the BULLS…
Descending triangles usually are continuation patterns note the positive divs, my interpretation would be up out of the triangle…

SSEC Weekly…
Ready for YANG? Waiting for horizontal support breach…

Note the slope 20 ready to roll over…when this happens–watch out below…
Had a back test of year long BULL channel this week…
I am not as BULLISH WTIC–and have learned never trade against the slope 20…
Sure counter trend pops will occur, but the slope 20 determines the larger trend…
Currently, a new channel has materialized…and it’s down

Back test complete…

Appears to be an inverse head and shoulders…
60 min confirmation is the 13/34 EMA cross…

Looking for a bounce…

DUST…the magic of a simple trend line…

Note the gap; also, do not rule out an “echo” top…
Expecting indicators to reach red zones before retracing…
Target is pink trend line (38% fib) zone…2798 SPX

This line needs to hold for the BULLS…
Addendum:
Zooming in with the 30 minute…
Watching the 1/2 gap fill…

Break out of 1 year channel and now a back test…

SPX 60 with a bounce off pivot and positive div on the RSI combined with a diagonal trend line hit…
Out of my shorts until further developments…

“The Plan”…

Remember the reverse/hidden divergence? The price channels horizontally (in this case, an ascending triangle) while the MACD/TRIX resets and BULL crosses above zero? Yes, Appears USD is breaking out of an ASCENDING TRIANGLE..
RSI has supported the positive momentum building up over the last several months…

P.S I would not be long the SM currently; no need to short, wait to go long…whatever floats your boat 🙂

Tethering on the edge of the 1 year BULL channel…

A definite wedgie…
This is what I see happening over the next few days…

BINGO!

Appears GTX peaked the last week of May…

Watching this development with great interest…

Wash, rinse, repeat…
BULL channel…

Have you met Mr. Jensen?

Long #GDX? I think we will see lot of DOWNSIDE soon! Bounce since 2015 has been caused by inflation bounce (abc RED) which formed wave "B". It's very common for "B"waves to fool investors into thinking "bottom is in". It is not – and as deflationary forces play out, GDX will drop pic.twitter.com/z6ibGUvdSQ

— Henrik Zeberg (@HenrikZeberg) July 29, 2018

Agree, short oil…
Another back test…
WTIC Daily chart shows a potential BEAR flag ready to complete…

If this point breaches. Next stop 2000…I have a YANG buy stop at 66.50 to enter…