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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: SGJ who wrote (188640)7/28/2023 8:21:46 PM
From: GROUND ZERO™1 Recommendation

Recommended By
D.Austin

  Read Replies (1) | Respond to of 221055
 
I think so, too...

Next week we hopefully could see a good enough reset to undo the overbought condition, and then it's off to the races to new all time highs...

What a great market...

Thanks, you too, enjoy the wonderful weekend!!!

You've earned it!!!

GZ



To: SGJ who wrote (188640)7/29/2023 12:10:55 PM
From: GROUND ZERO™2 Recommendations

Recommended By
D.Austin
Mevis

  Respond to of 221055
 
Here are two GLD charts suggesting why GLD is likely to move higher...

These kinds of patterns could just as easily fail, but it's definitely something to watch...

This first chart shows what looks like a good inverted HS pattern...



The second chart is a weekly chart showing what looks like an even longer term inverted HS and also an upside breakout with a possibly successful test of the breakout line...



GZ