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DrStool

Flash Bang, Smoke, and Tear Gas 6/15/20

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And that's just the stock market. 

Dicsucs. 

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THE FED PAVLOV RALLY

Its just rolling over

SImple.

Where is the PAVLOV ETF when you need it??????

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Looks like Final E wave on Gold is in play. Possible low this week or early next week

Gold E wave.png

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US traders are waking up and covering.  

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22 minutes ago, DrStool said:

US traders are waking up and covering.  

Let it drop below sup, suckem all in,  then flush the MBS dough in and ramp it all up. Easy.

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2 minutes ago, fxfox said:

... ah and btw don‘t forget to punish Gold 😂

There are far too many bagholders from 2011. Need them to unload first.

It's trading according to chart.

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Note that the rally stopped right at the parallel with the two overnight lows drawn from the high. 

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Line of scrimmage is 2975 on the ES. 

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Bulls drive above 2981, Bears below 2955. 

Midfield play between. 

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Man, they brought it right to the edge. 

tvc_e64a8f66aa8e6ef31f3eb54c39ca9666.png

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2 hours ago, jp6 said:

There are far too many bagholders from 2011. Need them to unload first.

It's trading according to chart.

You mean overhead supply? There is also this lower top from 2012, could be once that gets broken there is so much steam and stop and reverse trades that it ramps thru the 2011 top.

What is a bit fishy about Gold: It made new all time highs in any other currency only not in USD. IF it would be so ultra bullish like some beleive, demand from outside the USD area would be so high that over the FX price mechanism it would propell higher also in USD terms, but that doesn't happen, although we have almost perfect circumstances for a rally in Gold: Corona, deficit spending like there is no tomorrow, riots, threats, panic.... I mean what else wants Gold? The big quake in Cali or what???

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