AI
Thursday, May 25, 2017 3:08:11 AM
another bullseye for the Fibonacci arc...
this one in the miner ETF
GDXJ, made a plunging dive this morning and a whipsaw bounce that really took off.
A big mystery if you ask me..... why today? what 'caused' this trigger,that whipsawed and rallied all miners across the board?
Ive learned not to trust any bounce I see in miners. Ive learned to be super cautious at the big resistance shoulder topping zones, they are danger zones for the next slam down.
So GDXJ made a dramatic bounce today as it plunged down following yesterdays big plunge. a giant bounce today.... volatile these last 3 days. and it hits the targets in both directions, a resistance peak around 34 followed by a plunge to retest 31 or 30 something, and now this dramatic reversal candle,with a long tail,looks bullish but wait until it gets back into the meat grinder resistance zone (34-38 area) After watching the contrived manipulation in metals and miners for another year, I don't trust any price action ,even though I study it on the charts like I do, I see it as a puzzle to find targets,it means finding the targets the Cartel is wanting us to find, or showing us a glimpse of a target they take price to by following the technical tracks, they do follow those tracks about 80 % of the time.
I see the current GDXJ bounce heading toward the 36 resistance area and I expect it to get Slammed down from that area. maybe 37 maybe 38 maybe even 40, or as soon as 35 maybe, anywhere in that zone, would come the next fleecing.
might need to get ready for the long lonely summer,... downwave syndrome,all the way to bottom at the end of the year
this one in the miner ETF
GDXJ, made a plunging dive this morning and a whipsaw bounce that really took off.
A big mystery if you ask me..... why today? what 'caused' this trigger,that whipsawed and rallied all miners across the board?
Ive learned not to trust any bounce I see in miners. Ive learned to be super cautious at the big resistance shoulder topping zones, they are danger zones for the next slam down.
So GDXJ made a dramatic bounce today as it plunged down following yesterdays big plunge. a giant bounce today.... volatile these last 3 days. and it hits the targets in both directions, a resistance peak around 34 followed by a plunge to retest 31 or 30 something, and now this dramatic reversal candle,with a long tail,looks bullish but wait until it gets back into the meat grinder resistance zone (34-38 area) After watching the contrived manipulation in metals and miners for another year, I don't trust any price action ,even though I study it on the charts like I do, I see it as a puzzle to find targets,it means finding the targets the Cartel is wanting us to find, or showing us a glimpse of a target they take price to by following the technical tracks, they do follow those tracks about 80 % of the time.
I see the current GDXJ bounce heading toward the 36 resistance area and I expect it to get Slammed down from that area. maybe 37 maybe 38 maybe even 40, or as soon as 35 maybe, anywhere in that zone, would come the next fleecing.
might need to get ready for the long lonely summer,... downwave syndrome,all the way to bottom at the end of the year
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