On a higher time basis: I warned on 8/16/18 that the breakout above $ 1,179.7 – $ 1,183.7 warned of renewed strength. We saw $ 905.5. It is WAITING. We maintained major exhaustion at $ 2,071.6-93.2 with a high of $ 2,089.2 and broke above $ 412.8 in the cautionary bearish macro correction. It is WAITING.
On a lower time base: The decent trade above at $ 1,771.4 has warned of decent strength. We saw $ 14.6 before tipping over. This will amount to $ 1,776.4 (+1.5 ticks per hour from 8:20 a.m.). Decent trade below will negate short hedging bias and take bearish calls OUT OF PENDING. A decent trade below $ 1,764.2 (+ 0.7 tick per hour from 8:20 a.m.) will project that down to $ 23 minimum, $ 45 (+) maximum; but if we go below here in a decent way and come back above in a decent way, look for a decent force. A decent trade above $ 1,796.2 (-0.5 tick per hour from 8:20 am) will project that $ 38 (+) rise. CLICK HERE FOR THE FULL ARTICLE.
NOTE: this is only a small portion market calls that I provide to my clients twice a day in the Gold, Bitcoin and Energy complex. “Decent penetrations” are specific amounts and provided daily to clients. If you are interested, please do not hesitate to contact us.
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