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- Last Update: 2 April 2020, 9:08
That is too bad because DWT would open down 30% per yesterdays call.
But I would have been chicken to buy UWT yesterday as well... which is why I said I cannot recommend it!
4/1 (pre-market)- Looking at the charts today, I think that we reached a top yesterday. The S&P broke down from a rising wedge yesterday and the target appears to be 2240!!!
LABU has been failing at the 13ema with stochastics declining on the daily chart. UVXY has the MACD inflection point at 0. Either it will dump heavily or bounce heavily. I tend to lean toward bounce because of the curious thing going on in the slow stochastics.
I do not see DWT looking good for now however. I think that the MACD looks bad on that one, and that DWT will drop soon, but I cannot in good conscience recommend UWT.
Oh yeah!!! The Gold:Silver ratio made a major top. See chart one! I expect it to bottom around 42 in 2022-2023! I know lots of people have been saying this for years now, but it actually topped at 127. See my chart one! It hit the top trendline for the third time, and when you see MACD spikes like that, it has made a major top and will test the BOTTOM trendline! Just check out the chart and see what I mean!
First page is all updated with my calls, so.... take them as you will!
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