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Sunday, March 10, 2019

$SPX - Pullback Timing and Target

SPX hit resistance and dropped.  With SPX now trading at a support level a bounce soon would be normal.

Attempts to rally are likely to fail, and the pullback continue into April.  

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6 comments:

  1. SC: thanks x sharing your opinion!. Are you waiting again a higher low on GTBC? this week ?? Do you see a low in gold around 1240 1260 in april / may and than a run up until 1400 USD in summer?

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    1. Yes still waiting on GBTC. Not an issue to miss anything in my opinion. UVXY better in focus now I think.

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    2. Gold stuck in the 1,250 to 1,300 range. I see gold as a long term play. Silver continues to be weak with the bear market continuing for 8 years now and that puts downward pressure on gold for a few more years.

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  2. market closed strong i wouldnt be suprised to see 2815 or better

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  3. Bounce as expected. SVXY chart is coming with UVXY update. This is textbook as the chart will show clearly. The best short entry is coming soon...

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