On a higher timeframe basis: I cautioned on 8/16/18 the break above $1,179.7-$1,183.7 warned of renewed strength. We have seen $905.5. The break above $1,347.0 projected this upward $80 minimum, $320 (+) maximum. We have attained $744.2. On 4/2 we left a bullish reversal below. We have seen $470.7. These are ON HOLD. We held major exhaustion at $2,071.6-93.2 with a $2,089.2 high and rolled over $412.8 into the macro bearish correction warned about. The trade below $2,043.6 has brought in $366.2. We held exhaustion above at with a $2,001.2 high and rolled over $323.8. The trade below $1,915.7 brought in $238.3 of pressure. The trade below $1,879.3 brought in $201.4 of pressure. On 6/14 we left a large bearish reversal above that warned of pressure for days/weeks—we have seen $192 of this so far. These are ON HOLD.
On a lower timeframe basis: The break above $1,834.6-5.0 and back below has brought in $155.7 of the pressure warned about. The decent trade below $1,812.8 (+1 tic per/hour) warned of decent pressure. We have seen $134.9 of this so far. These are ON HOLD. We have attained $80.5 of the higher trade warned about since the close of 8/10at $1,731.7, and we left another bullish reversal below on 8/13.The decent trade above $1,787.2 (-1 tic per/hour) has brought in $25 of decent strength before holding the next area of exhaustion at $1,811.4-20.3 with a $1,812.2 high and rolling over $19.1.Decent trade above $1,808.8 (-.7 of a tic per/hour starting at 8:20am) will warn of continued higher trade, but we will have to take out the exhaustion level above to open up the upside. If we break above here decently and back below decently, look for decent pressure. A maintained gap lower will warn of renewed pressure.
NOTE: this is just a small portion of the market calls I provide my clients twice daily in the Gold, Bitcoin, and Energy complex. 'Decent penetrations' are specific amounts and provided to clients daily as well. If you are interested, please feel free to reach out.
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