Market Report 3/30/16, sell trailing stop 17,500, gain(1100), CG(3520), 11/20/15
Gold /GC fell to 1229.4 contradicting USD/CHF drop, 5 out of 9 stochastics down including monthly, losing relative strength, test of 1138-1175 area imminent, resistance 1352, support 1173, long term support at 1045. USD/CHF down to 0.9651 due to relentless QE..., USD/CHF in long term decline, new strength, 5 out of 9 stochastics down, including monthly. DJI Futures +17, market rose, but failed to close below 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 6 out of 9 stochastics up, trying to breach the top formation, has bounced of the upper corner of the declining tops triangle resistance bounded above by the 17603 and below by 17,500,16,975, 15,946,15,370,and 12081 mean support bands. Watch for DJI breaking support and gold breaking over 1282 after correcting to lower 1100. The ticker tape is clearly going against the expectations of the crowd, hence at certain point margin calls will force a panic short covering and snap up to the old high of 18,350 area. The Insiders must have reliable data that Trump will be marooned at the Cleveland convention and Hillary will be forced out by the FBI investigation, hence our dear friend Comrade "Spendie" Sanders and his crowd of punks will face a GOP loser like Kasich or Jeb Bush who of course will be paid to lose, again underlining the brute power of the Unified Party USA and the complete marginalization of the American Constitution, the Democratic process and Institutions of this country in complete servitude to the Planetary Commission. Consult "Ziban Must Die" for further insight. Volatility is directly ahead, so hedge your positions by what the markets say, not the pundits. Watch the stop at 17,500........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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