That update contains the quote below along with a link to an earlier report:
“The updates on the dollar have proposed, since the bullish divergence (now turned rally) is on a longer, weekly time frame, the ensuing move could have the potential to carry the index UUP, to the top of the trading range shown here.”
Since the June report, the dollar has rallied as expected.
At this juncture, it’s hovering just below support and in spring position … potentially building energy for another leg higher.
Today is Fibonacci Day 12, from the July 20th, high.
UUP could still post a new daily low at the next session (to get to Day 13) if the spring set-up is viable.
The dollar and gold are still inversely correlated.
If UUP rallies from here, expect a corresponding decline in gold and the gold miners.
Note: Posts on this site are for education purposes only. They provide one firm’s insight on the markets. Not investment advice. See additional disclaimer here.
A steady sustained decline of tracking index SPBIO, is the best environment for highly leveraged (3X-inverse) fund LABD.
Biotech continues to be one of, if not the downside leader.
There has been no major break lower (LABD higher) that would draw attention to the index. That’s good in a way; it allows one to open positions (not advice, not a recommendation) while price action is relatively quiet.
It’s still a while before the close. LABD could even finish slightly lower and remain in the trading channel shown above.
Self-Employment Is Key:
It’s stories like this that highlight one way (if not the only way) to avoid being sucked into the first round of injections is to generate your own income.
It seems that everyone jumps on the bandwagon and tells us ‘how bad it is’ … very few do the work and show what can be done about the current reality.
From a financial market perspective, shorting biotech looks like the highest probability set-up (not advice not a recommendation) until such time that price action says ‘get out’.
So, that’s this site’s approach to generating income and being separate from any large (mandate enforcing) corporation.
‘Knock and Talk’
One last note on taking action. This is an example; offering a perspective on what can be done if there is a knock at the door.
Narrow your focus of ‘influencers’ to those who actually provide a service. Reduce or eliminate exposure to those who continue to peddle the fear without any kind of plan.
Note: Posts on this site are for education purposes only. They provide one firm’s insight on the markets. Not investment advice. See additional disclaimer here.
Three markets with key reversals and the biotech sector (SPBIO) posting an inside day.
One other (less followed) market of note with outside down, was basic materials (DJUSBM).
Gold’s (GLD) upward thrust from Thursday the 29th, continues to erode.
One gets the sense that it’s slipping away for the bulls.
SPBIO price action shows the most probable direction is lower.
Expectation for the next session, is for some kind of downside follow-through along with lower market action overall.
Positions:
Current positioning remains unchanged (not advice, not a recommendation) being short the biotech sector via LABD.
Market updates for the week will be limited (as the result of travel) and will resume with technical discussions by the week-end.
Stay Tuned
Note: Posts on this site are for education purposes only. They provide one firm’s insight on the markets. Not investment advice. See additional disclaimer here.
The marked chart below, shows support penetration, test and reversal.
If testing’s complete and there’s no more upward action in the coming week, SPBIO looks to be on its way to much lower levels.
Recall, that price leads the news.
If there’s a major break lower, we’ll have the corresponding news item(s) as the ‘reason’ for the break.
Stay Tuned
Note: Posts on this site are for education purposes only. They provide one firm’s insight on the markets. Not investment advice. See additional disclaimer here.
The daily close chart of inverse biotech LABD (above), has price action in a tight channel … trending higher (SPBIO, lower).
At nearly 500,000 views in just two days, this interview, on rumble, continues to build the fundamental case for either a biotech collapse, economic collapse, societal collapse or all three.
Update (10:05 a.m., EST): rumble interview nearing 520,000 views. An increase of 30,000 in just 18-hours.
Whether or not the LABD trading channel will continue to be in-effect, is unknown.
What is known however, what increases each day; this sector, unlike any other, has an unprecedented world-wide fundamental (criminal) backdrop.
The pundits, analysts, all looking for the trigger event … the black swan.
None of them are saying biotech could be that trigger.
Note: Posts on this site are for education purposes only. They provide one firm’s insight on the markets. Not investment advice. See additional disclaimer here.
Price action spent about seven days in spring position before finally getting up enough energy to launch. The past two trading days have been essentially straight up.
Straight up that is, into known resistance.
This site’s not part of the hyperinflation crowd. It’s too easy to jump on the bandwagon, get the clicks and then say it’s all ‘manipulated’ when price action does not follow the narrative.
The (market) truth is and has been for a long time, gold and the miners are not yet confirming hyperinflation.
Buying gold/silver, gets more ‘clicks’ than buying food and showing everyone your freeze-dried plastic packs.
Since you have chosen to monitor this site, you have also made a choice to access information that’s not comfortable; information that may challenge (or even change) already held beliefs on how it’s all supposed to go down.
Case in point: With each passing day, it becomes more clear that food (Genesis 41) and the ability to create it, will come first as one storehouse of wealth.
Gold and silver will come … but only after nearly everyone has had it stripped from them (not advice, not a recommendation).
As of this post, GDX, is pushing through the resistance level shown in the chart.
How it behaves if/when it contacts the 38% level, will let us know if a downside reversal (up-thrust) is in the works.
Note: Posts on this site are for education purposes only. They provide one firm’s insight on the markets. Not investment advice. See additional disclaimer here.
One of Dr. Elder’s admonitions was: ‘Run fast or not at all’ when confronted with retracing price action.
The trade plan from months ago, concerning the biotech short (not advice not a recommendation), was that potential for collapse was so great, the trade was going to be maintained (and increased) until it either worked out for profit or the price action was so obvious that ‘now, was not the time’.
If there ever was a time in the past five-weeks for SPBIO bulls to take back control, this is it.
However, to prove they’ve got the upper hand, inverse fund LABD would have to make a new weekly low … at least.
That (low) has yet to happen.
The inverse LABD tape is a sea of red and purple; at the bid, below the bid, mass selling … having the look of capitulation by the bears.
It’s possible we’ll know more over the next few days.
At this juncture, LABD price action is testing a support-boundary area while also testing the right side weekly trend line.
Note: Posts on this site are for education purposes only. They provide one firm’s insight on the markets. Not investment advice. See additional disclaimer here.
Those getting that ‘uh-oh’ feeling with their precious metals hoard, being first to recognize the error (not advice, not a recommendation) may be out in front; liquidating to buy storable food, water filtration, protection and power.
Since there’s so much injection ‘resistance’ does anyone really think it’s over?
Next step, starve them out.
Taking a cue from the late Zig Ziglar; he would start his presentations by telling the audience the one that needs to listen most closely, the one who needs to heed (and follow) his advice most, was himself.
‘Walk the talk’ … which he did.
I personally have some silver … even some gold. However, I am following the Biblical (Genesis 41) standard of where we are (again, not advice, not a recommendation).
If I had a massive ‘stack’, there’s a risk I would begin to trust in the ‘riches’ themselves.
All that’s needed is some kind of ransom or cyber attack at major trucking centers to effectively shut down the food supply.
Its already happened with gasoline distribution … trucking companies would be child’s-play.
Here’s a presentation on just how quickly food becomes the main, if not the only consideration when supply lines break down.
The daily close chart of SLV, shows the possibility of a measured move lower to 18.0 – 18.50, area.
The caveat is, once a reversal like that gets going, the hyper–inflationists are going to get very nervous.
Then, if there’s another ‘infrastructure’ event, we could see a mass panic liquidation. The next chess move (food supply) would be obvious; the stackers would be ‘check-mated’.
Note: Posts on this site are for education purposes only. They provide one firm’s insight on the markets. Not investment advice. See additional disclaimer here.
excuse me but people post about the WEF here all the time, are you new?play_arrow7play_arrow
Not Your Father’s ZH34 minutes ago (Edited)
Yeah, right? I and others have posted many times about the not-so-Great Reset, Cyber Polygon, Event 201, Herr Unkle Klaus Schwab’s Chez Davos broiled insect loaf under polystyrene, owning nothing and being thrilled, etc. Whitney Webb has been one of the best reporters on it, Catherine Austin Fitts, many more. Lew Rockwell is the single best place to start from, as it links to all of this. Speaking of which: 7.9 Billion Lives in the Balance
It’s obvious those monitoring and commenting on ZeroHedge are wide awake.
Once again, all of this brings us back to biotech.
Biotech, SPBIO (LABD) Analysis:
We’re going to start with an unmarked chart of inverse fund LABD, on the weekly scale:
It may not be obvious at first, but the chart can be separated in two as shown:
That inflection point, the week of May 14th, ’21, is where the bulls attempted a reversal and the bears (of SPBIO) are going to take control.
Notice that before May 14th, price action is wide and choppy. Afterwards, it settles down into a clean and rythmic flow.
From that inflection, LABD price corrected downward a Fibonacci 8 weeks before pivoting to the upside (SPBIO lower).
Now, we can draw a trading channel:
For months, the anticipated low of SPBIO, high for the LABD trade (not advice, not a recommendation) was/is planned to be the third week in October.
As price action progresses, and taking a cue from Robert Prechter (about trading for large gains), one needs to be prepared for SPBIO to just keep on going lower (LABD higher); even through October if that’s the case.
Summary:
The ZeroHedge article and especially the comments, show we’re in the middle of the largest fraud in world history.
It’s disappointing but not surprising, ‘certified’ management agencies (and I personally monitor quite a few) are saying nothing (publicly) about what’s really going on.
Their websites still show the ubiquitous sailboat with the retired couple looking out wistfully into the (chem-trailed) sunset.
Trading For Your Life:
With each passing day, it’s becoming obvious self-employment (like trading) may be the only way out. The big corporations are likely to mandate (illegally) en-masse, that everyone’s injected.
The plan to destroy the smaller businesses looks to be moving forward via more ‘lockdowns’.
Some states (like Texas) may somehow be separate. So far, so good.
Note: Posts on this site are for education purposes only. They provide one firm’s insight on the markets. Not investment advice. See additional disclaimer here.
“You have to go where the food is as it wont be picked packaged or transported. Without food everything else is irrelevant.
The big “joke” is that people actually believe the plandemic is over when is is only just getting going, they have seen to that.
Normal is never coming back so the sooner people REFUSE to participate in what is being forced on us the faster we may have our lives back.
Unfortunately an overwhelming majority are not able to think for themselves and eventually lapse into insanity due to the psychological warfare they voluntarily watch every day.“
Link to the above quote (posted in the comments) is here.
Yes, ‘Without food … ‘ How’s that stack of silver coming?
If not, they may be about to come on sale in exchange for food.
Stay Tuned
Note: Posts on this site are for education purposes only. They provide one firm’s insight on the markets. Not investment advice. See additional disclaimer here.
The Danger Point® 