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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 413.19+1.1%Jan 6 4:00 PM EST
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To: carranza2 who wrote (154853)3/23/2020 5:42:18 AM
From: TobagoJack1 Recommendation

Recommended By
marcher

   of 219061
 
From Marty

Dow Going in Close of March 2020
SUNDAY, 22 MARCH 2020 BY: MARTY ARMSTRONG

In the Dow Jones, we have two weekly bearish reversals at 19,006 and 18295. This past week the Dow fell to 18,917.46. Resistance stands at 20490 and the market must close above that to imply a temporary low. Our technical support for last week was 18747 which will move tp18639 for next week. Penetrating the 18500 area intraday would warn that the Dow could then test the monthly support at the 17200 level. Penetrating 17000 would raise the possibility of a test of the yearly support at the 15000 level.

We see a Directional Change coming into play by Tuesday so we may see Monday form the low for the week. However, this may still be very choppy with turning points on the 25th and then the 20th with high volatility on the 31st.

Gold Going into End of March 2020
SUNDAY, 22 MARCH 2020 BY: MARTY ARMSTRONG

GOLD
In gold, as we head into the week of March 23 we see resistance on Monday forming and 14 970 the extreme support is down at 1370. We also have technical support next week coming in at 1437. This is the support area to watch form moving below that area could then spark the decline down to the mid-1200 so before reaching a temporary bottom. Keep in mind that we are not dealing with fundamentals. We are dealing with massive liquidations on a grand scale from hedge funds which is simply lost money because of the wrong fundamentals. The final low for this liquidation can extend into the week of April 6. This is March closing and silver below 1431 would also point to a further decline during the second quarter. This would further be supported and silver I March closing below 1315.
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