Market report 5/16/16, CG(5820),11/20/15
$DJI Futures -5 , market triggered a cover short stop at 17700, sell short position established at 17900, gain(200), 5 out of 9 stochastics up, support at 17118,15,500.
On the DJI monthly chart the market is in 8th month of monthly down trend, and the money printing has led to a trend reversal upward, first buy in almost a year. Establishment have a new prima donna Mark Cuban as replacement for Trump, already saying that Trump will be bad for the stock market, but forgot to mention that Yellen won't be around to print money for Dem's sacred vows on Wall Street. A breach of the top formation of the upper corner of the declining tops triangle resistance bounded above by the 17803 and below by 17,504,16,975, 15,946,15,370,and 12081 mean support bands is still possible, but in doubt. Watch for DJI breaking support and gold breaking over 1282 after correcting to lower 1200. Marker broke the head of a pin in the decline triangle in force for months. Acute danger ahead, else why should the Chinese buy the biggest gold vault in London. Check Sorbane's chilling thriller "Ziban Must Die" for further details about where the power grab of the NewWorldDisorder (NWD) is leading us to.
Gold /GC closed up at 1277 after correcting to 1200 level, 4 out of 9 short term stochastics are up, a break above 1300 now in doubt with the strength of Trump, resistance 1352, support 1173, long term support at 1045. USD/CHF is up to 0.9777, a reversal to daily uptrend, a bad correlation with gold..., a break below 0.9432 will lead to a drop at 0.7, a crash, USD/CHF in long term decline, a bear market rally last four months now topping out, 8 out of 9 stochastics up, rates hike finally on the horizon. 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.
On the DJI monthly chart the market is in 8th month of monthly down trend, and the money printing has led to a trend reversal upward, first buy in almost a year. Establishment have a new prima donna Mark Cuban as replacement for Trump, already saying that Trump will be bad for the stock market, but forgot to mention that Yellen won't be around to print money for Dem's sacred vows on Wall Street. A breach of the top formation of the upper corner of the declining tops triangle resistance bounded above by the 17803 and below by 17,504,16,975, 15,946,15,370,and 12081 mean support bands is still possible, but in doubt. Watch for DJI breaking support and gold breaking over 1282 after correcting to lower 1200. Marker broke the head of a pin in the decline triangle in force for months. Acute danger ahead, else why should the Chinese buy the biggest gold vault in London. Check Sorbane's chilling thriller "Ziban Must Die" for further details about where the power grab of the NewWorldDisorder (NWD) is leading us to.
Gold /GC closed up at 1277 after correcting to 1200 level, 4 out of 9 short term stochastics are up, a break above 1300 now in doubt with the strength of Trump, resistance 1352, support 1173, long term support at 1045. USD/CHF is up to 0.9777, a reversal to daily uptrend, a bad correlation with gold..., a break below 0.9432 will lead to a drop at 0.7, a crash, USD/CHF in long term decline, a bear market rally last four months now topping out, 8 out of 9 stochastics up, rates hike finally on the horizon. 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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