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.
On a lower timeframe basis: The trade above $1,688.2 brought in $231 of strength. Trade above $1,705.6 brought in $204.4 of strength. The trade above $1,724.9-5.2 (-1.2 tics per/hour) brought in $193.9. The trade above $1,747.6 has brought in $171.5 of strength. We held exhaustion below at $1,754.2-50.7 with a $1,754.6 low and bounced $164.5. These are ON HOLD. The trade below $1,908.5 brought in $158.4 of pressure. The trade below $1,902.4 brought in $152.3. The break below $1,897.6-6.5 (-1 tic per/hour) brought in $145.5 of pressure. We held exhaustion on a correction within the move above with a $1,835.0 high and rolled over $40. Decent trade below $1,796.9 (+.2 of a tic per/hour starting at 6:00pm) will warn of decent pressure; but if we break below here decently and back above decently, look for decent short covering to come in. Decent trade above $1,820.8 (-1.2 tics per/hour starting at 6:00pm) should bring in decent strength; but if we break above here decently and back below decently, look for decent pressure to come in.
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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