weekly preview - SPX GOLD SILVER YEILDS USOIL BTC

5 Jan

All in the video. The market is trying to decide whether to go lower or not. Hard to say at the moment. Under today's low and we probably go to the daily bb around 4640. A break above 4720 and we could rally to 4750-4770. Right now there is no panicky selling, but any rally from here I believe is a selling opportunity. Other markets are also interesting. BTC may top out soon but I expect one more high close to 50k....

Good luck!

8 Jan

Catatan

Good morning, the market is consolidating at 4700. While it's possible we go over 4730 today, chances are it will reject if it does. I expect lower regardless of any pumps (if they occur).

8 Jan

Catatan

OIl is back into it's channel - Looks like another low is likely there.

8 Jan

Catatan

trendline on gold corresponds to the daily BB - around 2k or so.

8 Jan

Catatan

if 4730 can break and hold it's bullish. I'm not sure it will happen yet.

8 Jan

Catatan

banks are down today (JPM leading) worth watching for a breakdown.

8 Jan

Catatan

we are consolidating sideways. It may go higher, but the smaller time frame RSI is already overbought. It could chop around here as a B wave for a few days. If that's the case, a C wave would be next.

8 Jan

Catatan

daily 18ma (red line) is another objective short area for SPX

9 Jan

Catatan

shorts blown out and we are above the 18ma near the mentioned target of 4770. With the rsi this high on futures, I think we'll come down either starting tonight or sometime tomorrow. If not, another high may come before CPI on Thursday. Neither would be shocking at this point.

9 Jan

Catatan

BTC in the target zone but the rsi suggests slightly higher.

9 Jan

Catatan

cup and handle target is close to 4780, so a float up to there overnight is probable, see you tomorrow

9 Jan

Catatan

Good morning, we are at the 18ma on futures. A move up to the upper BB at 4800 is possible, but right now my primary idea is we go down for a few days at least. Will update if it looks wrong.

9 Jan

Catatan

18ma has to break this morning and then a retest of it needs to fail.

9 Jan

Catatan

iwm false breakout is sticking. next stop should be 188

9 Jan

Catatan

xlf (banks) may lose trend today. Bears want to see it get under 37.5 (18ma)

9 Jan

Catatan

SPX back to daily 18ma, this is an objective short, but needs caution. Buy the dip still the game until it isn't

10 Jan

Catatan

good morning, price and rsi both look like they want to go higher from this pennant into cpi tomorrow.

10 Jan

Catatan

looks like a false breakout but they've done this before and rallied up again, best to wait for previous support to crack.

10 Jan

Catatan

market is consolidating, but 4 hr rsi and daily look like they will go higher - at least for now.... if that is the case, IWM probably bounces back up to 198 or 200.

11 Jan

Catatan

if this is a bull pennant, minimum target is 4860. I think it's doable. We'll see how it goes tomorrow..... CPI at 830!

11 Jan

Catatan

to me right now it looks like we will go higher after CPI. Target 4860. If wrong I will update.

11 Jan

Catatan

BTC target probably will be hit today

11 Jan

Catatan

CPI at 830 am buckle up

11 Jan

Catatan

may be this -

11 Jan

Catatan

Under this support and it's a sell, no decision yet.

11 Jan

Catatan

IF they continue higher, there's another structure on futures for possible target.

11 Jan

Catatan

this is what it looks like to me right nw. Open should pump above 4800 to take out shorts....

11 Jan

Catatan

main idea for today

11 Jan

Catatan

BTC target area reached, Maybe it hits 50k, maybe not. I think most are thinking it will.

11 Jan

Catatan

they are losing the wedge, that may be it, not sure yet.

11 Jan

Catatan

down we go

11 Jan

Catatan

BTC offers an objective short on any bounce

11 Jan

Catatan

SPY and SPX 18 daily ma reached, should be a bounce area

11 Jan

Catatan

i was away most of the day, they just came back to test the wedge. I expect lower friday, but this action is not impulsive at all so a sell off to support likely holds. Tomorrow may look bad, but I doubt it goes more than a day.

12 Jan

Catatan

They are bucking this like a bronco and it looks right now that another high is on the table to close Friday. Will update later if wrong, I'll be out most of today.

12 Jan

Catatan

Today's idea - SPX

12 Jan

Catatan

here's another way to see it - above 4792 and it's a long.