18
Feb
Still Rangebound Gold downward Sloping Channel
Written by Anna   

Hi everyone

Well here we are over 1500 on the Spx and it looks like it could try and continue this slow melt up until something comes along to shake things up.  I have been trading mostly Gold, it's in a downward sloping channel and last week tested some key resistance on the downside.

Today is Presidents Day so no action today, mostly just flat about what I expected, but I have been watching the VIX which is getting to a point where I think it has a change coming. The market has gotten very complacent and it can't stay that way forever. I took a long Position in VIX via a Vertical Call Spread. I have about 30 days for it to work, if not I only paid .20 cents a contract, so not a huge risk. But if the VIX can get to 15 I could double or even triple my risk.

Here is a chart of the ES (which tagged the lower 60 min trendline on Friday) and Gold's channel

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Now here is a daily and a 60 min chart on silver by Dark

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here is the 60 min chart could have short term bottomed and a short wave up to correct oversold cond.

Read more... 

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21
Jan
Onward and upward for now
Written by Anna   

Hi everyone

Well here we are many of the indices are at near or all time highs. The TF is at all time highs and the transports as well. I have said this for weeks that we will see 1500 in the very near future, and almost for sure we will overshoot that.  The /ES all time high was 1586.75. Could we double test that? I say it's very possible and soon. The problems with all this is that the bullishness is on everyone's lips.

The VIX is at yearly lows and seems to be heading lower. The complacency is coming though most likely not low enough yet. 

Update I started this last week, but got sick and didn't finish. We saw our 1500 on SpX and very darn close on ES. I don't see anything which points to a large wave down yet, but trust me it will come after the last buyer is standing 

Here is a chart of the ES I did last week

Read more... 

it shows the bull flag and the inverted that is playing out.

This wave 5 should be ending but could take us up to all time highs first. 

xoxo Anna

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