Loading ...Smoke Signal ?
BOJ announces its Stimulus Plan Tonite….Market Expecting a BIG Bazooka…maybe even Helicopter Money
If they disappoint the Yen will strengthen and this chart of the Dollar : Yen will drop
Looks like a glitch but maybe its a smoke signal to the big players
This used to happen often in the Gold charts
i remember seeing these on gdx and gdxj at times in the old rambus forum.. think it was techtrader who use to post these.. but the spikes were much bigger (huge going through all resistance levels even on daily/weekly).. not sure what to make of it.
I recall when ever we had a huge spike.. the market usually acted in opposite direction for a bit.. not by much.. then went down in direction of spike.. you might have better recall than i do on that.. but i recall some huges spikes on gdxj and gdx .. and eventually they went in that direction… i would of preferred a bigger spike as not sure that would qualify for the spikes we saw on gdx and gdxj in the past.