Loading ...Bouncy Bouncy
Gold tags the Year VWAP and the POC (Point of Control) for 2018. I mentioned this in a previous post and I had buy limits sitting right there today for the Fed meeting. The 2018 POC is the highest volume peak for the year, as the volume profile is anchored to the beginning of the year.
30Y Bonds hit all important 2015 weekly gap and reverse hard
Looks like we are on schedule from previous post to have a big bottom in everything from equities to commodities on the final days of JAN or first days of FEB.
Let’s see what happens overnight. Cheers.
Thanks. Interesting session post-fed announcement. Things were looking bad, then encouraging. Almost bought the dip, but USDJPY looks like a coiled spring in the short term so I held off. On the monthly, USDJPY looks horrible, and in my opinion will finish lower next month, but that doesn’t mean there can’t be a bounce in-between. Overall, this is starting to look more like a running consolidation/mild pullback, instead of turning into a v-shaped selloff like last time we hit these levels in gold. It’s encouraging and I’m feeling very good about it.
Thanks Morty. Will watch closely.
Thanks Morty. Interesting Volume work in your recent posts,have to admit is different but interesting!!
Gabe, i’m sure it is plausible we still go lower here, but what are the counts saying?