Two ways a decline might play out
4th wave correction nearly complete
An overall bullish expectation with some targets to watch
Both scenarios suggest bullish opportunities in coming months
Bearish scenario still in the lead
Price is putting stress on a supportive trend line, forcing a squeeze between support and resistance.
Right now the bearish case looks best
Catching this decline and bounce in stocks might be easier than trading the metal itself.
Signs that this triangle pattern can break downward
We think it's time for the downward trend to resume
A sizable correction is due
The index can climb still higher after a modest correction
Counting an Elliott fourth wave in the upward progression
We still believe a low is nearby, and this post explores some ways to trade it with the expectation of a bounce.
The Euro ETF has moved a bit higher than we anticipated in our June 16 post, but bears have a strong chance of countering the rally and taking price to new lows.
Now it appears that rates may be ready to begin advancing again.
We are watching natural gas prices very closely right now. The technical picture makes a strong case to expect a reversal and rally soon.
The choppy rise from the turn of the year appears to have been corrective, in this case meaning that it should be treated as a retracement.
Price starting to test the area that could prompt a breakout from the decade-long converging range.
This is the right area to watch for a bounce in the Dollar and the UUP fund. View the latest chart at See It Market.