From Venice… closes above the 10ema which is a good first step, IMO.
Solstice 21 Jun
US jobless claims 22 Jun
New Moon 24 Jun
We are looking for a catalyst or trigger to define a HCL for the SPX, a topping of the USD, and a DCL for gold.
As I have said in my previous posts I am keen to see how strong the SPX recovers (after this HCL) before it falls into a DCL in mid Jul.
If you are not into shorting the market it may be a good time to go on holidays, maybe Italy, or take up golf, or surfing, while we wait for the impending ICL/YCL
If you are staying at home looking after the kids it will be a good time to research those stocks you may wish to buy at bargain basement prices at the ICL/YCL which should rise in time for Xmas!
Surf has raised the question “has gold found a DCL?” Lets look at Gold triangulation 17 Apr High – 09 May Low – 06 Jun High = 21/28/49 calendar day triangle = 3/4/7 Fibonacci triangle Moving on to the next triangle… 09 May Low – 06 Jun High – ? … Continue reading →
Yesterday I posted the commodity cycle K waves going back to 1790, showing the current K wave will not peak until mid 2020s. 2026 is the expected peak. There appears to be a number of articles written by highly qualified academics, purporting that 2000 was the K wave peak for … Continue reading →
For the record, I want to clarify what is a K wave, and where we are in the current wave. This is critical to understanding what is on the horizon and where the global economy and markets are headed over the next 5 to 10 years. Below is a chart … Continue reading →