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US Markets Stuck Short Of All Time Highs and Gold Trending Down – Where’s The Balance?

Cory
April 17, 2019

Raghee Horner, Managing Director of Futures Trading at Simpler Trading joins me to share her thoughts on the US markets and gold’s downtrend. With US markets stuck just below all-time highs we discuss what is holding them back from the push higher. As for gold the range bound trade continues.

Click here to visit the Simpler Trading website.

Discussion
8 Comments
    Apr 17, 2019 17:30 AM

    /Es broke 2900 support…daily key reversal candle at this moment…EG ending move with candle price moving above and below the previous candle…Done!

    Apr 17, 2019 17:33 AM

    Transports have gapped up to the .786 retracement level and are now capping that pop..we need transports to top out for a harmony down in equities

    Apr 18, 2019 18:08 AM

    I doubt we see new highs in the market any time soon.

    The corporate bonds and junk bonds are looking pretty toppy. The biotech sector looks bad too. The charts are about to roll over.
    Add to that Brexit, the Mueller report, declass, the IG report and all of the FANG stock investigations. It looks like the parties over. The swamp that’s getting drained is a big part of the market.

    The only way for Trump to save Joe Four01kay, is to rebalance the weighting in the exchanges to corporations that are not corrupt and represent fundamental growth.

    But wait. It’ll be put-off another year and the DOW hit 30k.
    Everything’s fine, right? (..right..??

    Apr 18, 2019 18:43 AM

    transports fluffing up again today at the .786 retrace level…..daily is now the 4th wave up where changes in direction may occur…..not good if one is short the /ES

    Apr 18, 2019 18:55 AM

    /Es, the TAS daily profile algo requires a close below 2881 to confirm a change in direction…..It is a waiting game for me now…My entry short was 2885 just prior to the latest wave up and higher price level on 30 minute charts….Always one wave early or late…It is ok…..

    Apr 18, 2019 18:13 AM

    transports seem to be reversing here at .786 fibinocci level of resistance…end of the day matters…profit taking into highs?…$ADD went negative and NYNH is shrinking fast

    Apr 18, 2019 18:42 AM

    /?Es lucky me , turns out my entry into spxs was 2895 on /Es , so almost even again…..What to do?…nothing…sit on my hands the first target for this intermediate pull back is at .383 of 2696 which happens to be TAS bottom of support on a weekly chart

    Apr 20, 2019 20:27 PM

    I watched the recorded webinar “Spotting trades that very few see” , and want to subscribe to the $497 class starting on April 27th. The “Scribe” button was not active. Can you send me a link so I can enroll in that class?