Market Report 3/31/16, sell trailing stop 17,500, gain(1100), CG(3520), 11/20/15
Gold /GC up to 1235 on USD/CHF weakness , 3 out of 9 stochastics down including monthly, g aining relative strength, test of 1138-1175 area imminent, resistance 1352, support 1173, long term support at 1045 . USD/CHF down to 0.96086 due to Yellen's money printing..., USD/CHF in long term decline, 5 out of 9 stochastics down, including monthly. DJI Futures +21, market fell, but still above of trailing sell stop at 17,500 and bounced back above 17,500 , gain(1100) since establishing position at 16,400, break of the resistance envelope, market broke the lock on one deviation from the pivot of 16,160. On the DJI monthly chart the market is making the beginning of a new down leg to 15,391 and 12,081, which is bellow the 50% re-tracement point of 12,425, i.e a nasty bear market. Market out of equilibrium with 3 out of 9 stochastics down, Yellen's friends are digging trenches for the incoming attack on DJI 18351 and above, trying t...