jackwheeler

jackwheeler

Hey Guys, Banks are realizing bonds arent the safety they thought and need to diversify has shown in a big way with the yields decline, metals bulling and DXY rising. I expect silver to possibly have another leg down with any major panic we might have but once we are past the panic gold and silver will bull just like 2009-2012 and the 80s. Above is the larger...

jackwheeler

hey guys, With the bump today on the news officials are stepping in on the failing banks the DXY is completing the right shoulder and with the CPI data coming tomorrow and the PPI after that could be great catalyst to send it higher completing the head and shoulders pattern. Keep in mind no matter what the the data comes out the FED will only Pivot if...

jackwheeler

Hey All, Just some food for thought but We have multiple charts showing some downwards pressure coming to markets all are shown below and with the CPI coming out this week and Fed rate decision we have the catalyst for another sell off. We have an Weekly engulfing bearish candle on the SP500, Vix bouncing off a falling wedge and trend line, US dollar also...

jackwheeler

Hey all just showing the ten year is looking like it will fall in anticipation of the fed relaxing its polices as we are in recessions and the labor market might weaken with the layoff announced by the big boys (tesla, Apple, google etc.) the distance of the head to neck bring the target to 2% which is less then current interest rates so I don't know if it will go...

jackwheeler

Hey guys, Good time to load up on iron ore miners who have been sold off recently but i dont see prices falling below that major long term support line it has bounced off. This chart is part of my thesis on the Inflation cycle to calm down over the next few months but as commodities like iron ore, copper, Oil etc start to bull again as people still have cash...

jackwheeler

Hey guys, Just and trade idea on the back of a massively strong day which nearly always gives it back the next day so i wouldn't be a buyer right now. I'm more on the side of shorting for another down day before the markets go to the higher long term down trend boundary. We have GDP numbers coming out and I don't see how they will be good must likely negative and...

jackwheeler

Hey Guys, just an trade idea, here is the AUD/GBP on the daily you can see three major rejection candles coming away from Strong coiling resistance. I've also added the hourly chart the show the trend line I am watching doesn't mean I'm going to sell if broken but would like for it to hold. I'm using Citi mini warrants so this 2.5% target should net 25% gain.

jackwheeler

Hey guys, this is part of my post earlier explaining the bigger picture and what we could be seeing till the end of the year into 2023. Gold and silver are both bouncing on previous support lines and after the next sell-off in the equity markets, we could see a double bottom solidifying the bottom for now and see precious metals bull hard maybe back up to the...

jackwheeler

Hey Guys, The US100 just broke out of its consolidation pattern and currently retesting should bounce off or coil during this intense week of earnings and news. As shown, I expect the price to retest the downtrend resistance line in yellow but it's a strong trend line and has the 200-day ma that will push them down. We Have so many indicators showing we are going...

jackwheeler

Hey Guys, With the major bearish sentiment around I believe this has opened a great opportunity if you look at the data and patterns closely. DXY is now gone parabolic into extreme overbought conditions as people dump shares and hold US dollars, this acting as a double wamy against the overall market. But it is all in anticipation for the FOMOC and interest rate...

jackwheeler

Hey guys, we have had one of the biggest rallies in AUD/JPY ever 11 weeks of green. It is in major overbought territory on the RSI on the weekly and negative divergence on the daily with a bearish consolidation pattern and possibly a breakout to the downside which might confirm today. IF it does confirm I will enter a short position target first red line then...

jackwheeler

Hey Guys, So last trading idea played out perfectly and we have had the rally expected and the first point of major resistance has no been reached. The US100 has rallied extremely hard to flush out all the Puts on the market expiring Friday and had pushed the RSI on the hourly to major overbought readings. This reading and seeing we are at a strong resistance...

jackwheeler Updated 

Hey Guys, the AUD is looking extremely strong break out and possibly closing the the right shoulder. I have taken a position and have my first target at the neckline but we could break that and end up going to a multi year high so big moves to come. Im expecting a retest possibly and ill add to my position could be a good entry if you havent jumped in yet....

jackwheeler

Hey Guys, just an update on how the market correction is going. Even though I'm extremely bearish on the market in the year to come there is always bull rallies in declines and regardless my bearishness you have to look at the evidence on the charts and follow. We have a bullish divergence on the RSI and the price chart is tightening into a Bullish Pennant these...

jackwheeler

Hey guys, If you have seen my most recent posts you wont be surprise to see I'm bearish on the markets and have been for some time. With market valuations out of whack, Ungodly like debt in Government, cooperate, and leverage used by traders, 40% of all the US currency printed in 2020-2021 but production at an all time low causing inflation we haven't seen since...

jackwheeler

Hey guys, following up with my last few post I have exited the position I outlined last as I didn't want to hold it during the CPI announcement and it hit the .5 on the Fib and broke the uptrend line. New position entered after the market has reacted to the inflation news and we face the definite reality of the Fed tapering harder then first expected. My first...

jackwheeler

Hey guys, As Silver is holding above the green line outlined in the previous post and the Us100 has a bullish divergence on the RSI in the 1 hour timeframe I believe we will see a good start to Feb but unless something fundamentally changes in the world economy with Inflation / Fed policy the market will fall from this bounce. This is also backed by seasonality of...

jackwheeler

Hey guys, This is a follow up to my last silver post against stating the fact in the short-medium term Silver and the overall market travel together. Obviously not to the same percentages but direction, This is why Silver is a great indicator to overall market direction. I still feel Silver will fall to at least the C line before consolidating which would work...