Market Report 3/16/16, sell trailing stop 17,250, gain(850), CG(3520), 11/20/15

Gold /GC rebounded to 1261 following USD/CHF drop, 5 out of 8 stochastics up, daily trend up, resistance 1384, support 1173, we are watching for confirmation of a 2nd monthly buy signal in four months, long term support at 1045. USD/CHF fell to 0.9781 following Yellen statement that she will not raise interest rates due to global concerns, USD/CHF in long term decline, very sluggish, 7 out of 8 stochastics down. DJI Futures +6, short term sell trailing trade stop 17,250, gain(850) since establishing position  at 16,400, break of the resistance envelope, market broke the lock on one deviation of 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 11,876, which is bellow the 50% re-tracement point of 12,425, i.e a nasty bear market. Market out of equilibrium with 7 out of 8 partial stochastics up near a top, 1st weekly buy in some time, test of the moving average resistance at 17284 imminent and region of selling pressure,  market in the upper corner of the declining tops triangle bounded above by the 17317 and below by 16,500, 15,400 mean support band. Watch for DJI breaking 17,250, 16,400, and 15,391 support and gold breaking over 1282 after correcting to lower 1100.The market is at the upper corner of 7th month declining trend, and the insiders may be looking for a trigger point to force short covering panic, possibly based on speculation that Trump will never get the GOP golden ring. Market technicians concur that a Trump presidency will lead to 50 % drop in the market, and hence Unified Party USA and the GOP Establishment will do everything to keep the Obama, Yellen, Buffett & Co secular bull market in place. Watch the stop at 17,250.........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.