Education
November 3, 2020
We got the bounce as suspected and Nasdaq futures are approaching proposed resistance near 11415. I’m on alert for a turn lower from that level.
May 19, 2020
Gold is pulling back to the top side of former triangle resistance. If gold is bullish, then suppport should be 1716/22. I’m looking to buy in that zone for resumption of upside. If the noted zone fails to hold, then gold would turn extremely bearish because the recent breakout would be considered a completed terminal thrust from a triangle.
May 8, 2020
WTI traded into the 2016 low today and reversed lower. My working assumption is that crude is building a bullish base. 18.20-19.20 is the zone to watch for the next low. This zone is defined by support and resistance since late March.