Gold and Silver are up, trading $1206.6 and $17.45 last. Global equities are mixed, with EU up, US futures down. Energy is flat. Investors shift focus to U.S. Fed meeting, Chicago PMI at 9:45 ET, US Confidence at 10:00 AM.
Trading Insights
Silver
If close on highs today- signal will absolutely trip and say we will not be here in 10 days. Non-directional. We could run ito massive sellling or buy-stops right above here. Signal says, "Silver not in its safe space" Area rejection imminent. This is a Volatility Based Signal (VBS)
interactivechart HERE
Stocks and Commodities1- "The S&P 500 is coiling for a move. Since 2000, SPX has closed a month above its upper BB and at an ATH just 4 times.Results; "3 goldmines...1 landmine."- .2- WTIC (Commodity index) is coiling. "Getting ready to rip some faces off"
3- VBS indicators on radarConclusion: odds are very good we won't be here in 10 days.Quotes and charts h/t to @sjd10304
Follow: @SJD10304
Echobay Analysis:Commods and S&P saying likelihood of 3 STD (daily) move very high. Gold included, S&P bigger, but Silver biggest alert.1. Low risk: buy call flys on S&P2. Medium risk- but ATM straddles3. High risk- use a momentum indicator to trade futures into the momentum once a direction is picked
• Gold- touching 1220 or 1175 high chances now.. Trend dictates bias to 1220• S&P- levels unquantified
silver- see above
Disclaimer: No decisions are made in a vaccuum. Think for yourself in context of your own risk tolerances and financial needs. Don't be stupid
Good luck
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