SPX500 weekly Review
Wave Analysis
For almost a decade now, SPX500 has been in a consntant up trend and still pretty much bullish both on the daily and weekly charts. Just recently, the price went above 7875.4 and is still pretty much above this level, as long as the price is above this level, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the contnuation of the impulsive wave (5) to the upperside and should break above 2989.5 but should not go higher than 3000.00 by the end of this week.
Trade Recommendations:
we’re long above 2874.4
Gas weekly Review
Wave Analysis
During the previous trading week, Gas rose tremendously but failed to break above 3.032. As long as the price remains below this level, we expect nothing but a possible momentum to the lowerside. The previous week’s candle was a perfect bearish pin and therefore, during this week, and possibly in the next few weeks, we expect nothing but a possible momentum to the lowerside. If you’re not short already, you can wait for a pullback towards 3.037, then pick a long term short position with an ultimate target at 7.583.
Trade Recommendations:
We’re short from 3.037.
Gold weekly Review
Wave Analysis
During the previous trading week, Gold markets dropped tremendoulsy and even went below 1192.21. As long as the price remains below this level, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the impulsive wave (5) to the lowerside and should break below 1168.05 but should not go lower than 1000.00. This is not to say that the price will not break below this level, because, should the price break below it, then further movements to the lowerside is expected.
Trade Recommendations:
We’re short
101% Double the volume
