Market report 2/29/16 / stop 16,150, CG3520,11/20/, gold buy

Gold /GC up to 1246, most stochastics up, 2nd monthly buy, support 1200, resistance 1352, resistance 1384, long term support at 1045USD/CHF up to 0.9977, USD/CHF in long term decline, most stochastics down, indication that Yellen will not increase rates until after her darling girl Hillary is elected. DJI Futures +24, market backed off after crashing into upward resistance at 16,622,  and abundant signs that Establishment want Trump out if it means 3rd party convention, a sure sign that true to form the brain dead of RNC will be paid to lose yet another election rather to make changes to monetary policy, and the chart shows 7th month of sell signals in DJIA.
Partial stochastics still mixed, some already topping out, bumping into the resistance 16,400-16,620 band, in extreme volatility 17284 possible due to short squeeze on the bears. Support below at 15,500,15,370 areas, market in the lower corner of the declining tops triangle bounded above by the 16,500 mean resistance band, and below by the 15,400 support band.Watch for breaking 15,391 support and gold breaking over 1282 after correcting to lower 1100.The markets seem to be discounting a Hillary win, no sign of fear of Trump.....Disclaimer: Investing in the stock market involves risk of loss. The market commentary provided by bibi1581.blogspot.com is for entertainment purpose only, and it is not to be construed as suggestion or investment advice to buy or sell securities. Always consult a registered investment professional or broker before committing money to any stock or option instrument. Bibi1581.blogspot.com is not responsible for any direct or consequential losses incurred in violation of this disclaimer. Read all SEC rules and regulations before making investment decisions.

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