Good News Is Bad News. Bad News Is Good News
For all of us serfs in the banana republic proletariat, it’s near if not impossible, to keep up with the lies.
The latest ‘employment‘ report is just one example.
This video from Jerimiah Babe, posted a few days ago has a different story. Check out the intro and then farther on at time stamp: 9:00.
For a second opinion, we can go to Dan, at i-Allegedly.
On his latest post, fast-forward to time stamp 7:00, where he walks through an outdoor restaurant area that’s completely vacant.
The ’employment’ report is vapor. Judging from the comments (at ZeroHedge) most everyone seems to be aware of the fakery.
Naturally, with all of this uncertainty and rampant inflation, the logical place to go would be the gold market.
Junior Miners, GDXJ
As this post is being created (mid-session), the Junior Miners are at the danger point. Price action’s at a location where it’s decision time.
So far, it’s an ‘inside day’. We don’t have a new daily high or low from the previous session.
The Fib retrace of 23.6%, discussed previously is holding for now. That weights action to the downside.
Posting a new daily high would begin to erode the set-up; potentially indicating GDXJ, is going to attempt a retrace to the Fib 38%, level.
If that higher retrace becomes a more favorable probability, the JDST-22-01, trade will likely be closed out (not advice not a recommendation).
The chart below shows the inside action thus far.
The table below has the current positioning JDST-22-01, via inverse fund JDST (not advice, not a recommendation).
As always, the sell finger is on the trigger. Description of color coding and table layout is in this post.
Trade decisions posted on this site are defined by the price action itself (not advice, not a recommendation). Wyckoff analysis does not concern itself with what’s obviously fake.
Wyckoff focuses strictly on what the market is saying about itself.
At this juncture, price action’s saying that both bulls and bears, are at the danger point.
Charts by StockCharts
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®, trade mark: No. 6,505,279