• 518 days Will The ECB Continue To Hike Rates?
  • 519 days Forbes: Aramco Remains Largest Company In The Middle East
  • 521 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 920 days Could Crypto Overtake Traditional Investment?
  • 925 days Americans Still Quitting Jobs At Record Pace
  • 927 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 930 days Is The Dollar Too Strong?
  • 930 days Big Tech Disappoints Investors on Earnings Calls
  • 931 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 933 days China Is Quietly Trying To Distance Itself From Russia
  • 933 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 937 days Crypto Investors Won Big In 2021
  • 937 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 938 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 940 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 941 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 944 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 945 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 945 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 947 days Are NFTs About To Take Over Gaming?
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

  1. Home
  2. Markets
  3. Other

Dollar, Gold, Oil and the SP500's Mid-Week Trading Video

It's been a crazy week for gold, oil and the SP500 again.... Since the market top in April we have seen large moves almost EVERY day in the market. I would say this is one of the toughest times for traders as you must be very quick to enter and exit if you want to lock in any profits. Good news is that things should start to smooth out in the next week or so if stock kick into rally mode.

Below is a quick video I did for you showing how I see the market, what I think is about to do and what to be aware of. I recommend you Gold Bugs skip over this report because on Sunday I wrote about how gold kept making new highs this year and how prices were about to drop again. And it was only a few minutes after I sent that report out before the emails started to flood my inbox from individuals around the world telling me how wrong I was saying gold is about to selloff. I knew gold was a crowded trade but not to the point that people are willing to fight you just because you mention its looking ready for a correction.... Which is actually a good thing for gold to do right now....

To be honest I'm still in aw about how mean and rude some people can be when all I am trying to do is help educate and help everyone see the market from a technical point of view without any bias... Thank goodness I'm a positive thinker and find most things funny or can put a positive spin on things like seeing gold drop $35 so far this week.

Anyway... here is my video recap of this weeks price action.

Video Recap for those who don't want to watch the full 8 minutes:

  • Gold still looks bullish, but on the edge of a Very Sharp Correction
  • Oil looks about ready to make a run higher
  • US Dollar looks to be forming a Head & Shoulders Reversal pattern
  • SP500 is at a critical point Rally or Crash
  • If the US Dollar drops it should trigger higher gold, oil and stocks
  • We are entering earning season and stocks tend to rally into the news

Click To View Video: http://www.futurestradingsignals.com/trading-education/gold-oil-us-dollar-sp500-technical-trading-video/

 

Back to homepage

Leave a comment

Leave a comment