Market Report 5/20/16, cover short trailing stop 17550, CH(5820),11/20/15

$DJI Futures zero, market up 65 points,  penetrating the critical 17500 in declining tops similar to 2001 and 2007, break below 16800 coming, 6 out of 9 stochastics up, $DJI 5th day in down trend, support at 17118,  failing that next stop is 15,500. After being whip shaved by the selling of the long position at zero profit, a new short was established at 17600, cover short trailing stop at 17550 for a gain of 50.
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. 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. Trump changed his mind in saying that Yellen has done a good job in keeping interest rates down which is an  outrage. Did Trump made a deal with the devils of the NewWorldDisorder to get into the White House? Check "In the Tracks of the Cobra" for a further look at possible scenarios in case Trump is elected despite all IED's laid down by the Establishments conspirators and saboteurs.

Gold /GC closed down to 1253 due to strong dollar, 6 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 0.9902, a reversal to daily uptrend, a good correlation with gold, higher interest rates possible coming soon due to Trump growing following,..., 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, 6 out of 9 stochastics up, rates hike finally on the horizon, even from Yellen.. 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.