On a higher timeframe basis: I cautioned on 8/16/18 the break above $1,179.7-$1,183.7 warned of renewed strength. We have seen $905.5. The break above $1,347.0 projected this upward $80 minimum, $320 (+) maximum. We have attained $744.2. On 4/2 we left a bullish reversal below. We have seen $470.7. These are ON HOLD. We held major exhaustion at $2,071.6-93.2 with a $2,089.2 high and rolled over $412.8 into the macro bearish correction warned about. The trade below $2,043.6 has brought in $366.2. The trade below $1,915.7 brought in $238.3 of pressure. The trade below $1,879.3 brought in $129.2 of pressure. On 6/14 we left a large bearish reversal above that warned of pressure for days/weeks—we have seen $115.8 of this so far. These are ON HOLD.
On a lower timeframe basis: The break back above $1,797.5 (+1 tic per/hour) warned of renewed strength—we have seen $29.1 so far. The decent trade above $1,803.9 (-1.2 tics per/hour) has brought in $22.7 of additional strength. I warned today has a good likelihood of seeing range expansion—we have already exceeded yesterday’s range on GLOBEX. I would be aware of areas of possible corrective exhaustion on the way up at $1,834.6-41.6, $1,847.4-54.6, and $1,874.0-83.0.
NOTE: this is just a small portion of the market calls I provide my clients twice daily in the Gold, Bitcoin, and Energy complex. 'Decent penetrations' are specific amounts and provided to clients daily as well. If you are interested, please feel free to reach out.
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