Market Outlook

[GrandSupercycle]

SP500 buy support and USD selling detected. SP500 4 hour chart may
be forming a RH shoulder for a H+S which explains the bounce I'm
expecting to make the possible RH shoulder. Futs last 1,126.

 

[GrandSupercycle]

End of short covering and more sellers means a bearish
reversal could happen anytime for the stock bounce.

 

[GrandSupercycle]

And here comes the buy support once again to burn more shorters ...

 

[GrandSupercycle]

Commodity currencies suggest SP500 spike is ending.

 

[GrandSupercycle]

Substantial USD selling and equity buy support detected – anticipating Jackson Hole perhaps.

 

[GrandSupercycle]

USD selling and equity buy support returns - anticipating Jackson
Hole.

 

[In2Deep]

What a spectacular short covering rally!

 

[noddyboy]

Quote from In2Deep:

What a spectacular short covering rally!

I just felt an earthquake...was it you?

 

[GrandSupercycle]

Don't forget GOLD is extremely overextended and the overdue retracement should be significant.

 

[noddyboy]

Quote from GrandSupercycle:

Don't forget GOLD is extremely overextended and the overdue retracement should be significant.

Do you have recommended weights in your short Gold, Stocks and long dollar call?

Given stocks have sold off, perhaps short gold is a safer option now?