Auguraltrader

Auguraltrader Premium

A good buddy gave some heads up about MARA, and we had a short discussion about MARA. He mentioned that MARA and Crypto had some relationship and I was a little skeptical that MARA would be close enough in relation to crypto, and also wondered if there was any relationship, what might it be. So, from purely a technical perspective, I pulled up MARA and overlaid...

Auguraltrader Premium

From the last post, The daily technical indicators appear to be turning upwards and the early part of the coming week is expected to show a bullish hand, that probably leads to the rest of the projections into September where it should meet the weekly 55EMA. Watch for it! The window closed rather immediately after :| The analysis projection totally did not...

Auguraltrader Premium

Highlighted previously a couple of weeks ago, OXY just spiked 9.88% on Friday. The weekly chart shows some consolidation and then a two week bullish candle stack. The MACD crossed over in bullish territory and this bullish run has an upside projection target of >100, a good 30% from last trading close. The daily chart similarly has technical indicators turning...

Auguraltrader Premium

GDX, the gold miners ETF which once had a lot of potential is now in the doldrums. Having hit 41 in April 2022, it had almost halved within 4 months. Recently, an attempt to consolidate and rebound is seeing a lot of challenges. First, the Gold prices are in a bear trend, secondly, rising interest rates hurt the miners, third, the weak equities market also affect...

Auguraltrader Premium

Previously, since Donald Trump started the US-China trade war, Gold has been on a clear trend forming a Cup & Handle pattern in the weekly chart. This was covered in earlier posts with decent accuracy, until recently. It appears that the Gold volatility is significantly heightened, to the extent that the the Handle may have been broken. The weekly Gold chart...

Auguraltrader Premium

Initially, it appeared that Crude prices were very robust and strong. Then came a retracement after a lower high and formed a lower low, and it appeared weak (in the face of a looming recession. Missing the downside target, Crude actually appears that it found a base, just bellow the weekly 55EMA. Hint is mostly in the daily chart, where there is an obvious...

Auguraltrader Premium

The NASDAQ over-extended its upside target and the later part of last week stalled and started to retrace. Nothing exciting here as it was expected for weeks. lol So the NASDAQ Futures Weekly chart how a (breakout) failure of the 55EMA, and somewhat of a bearish reversal top candlestick pattern in the likes of a Dark Cloud Cover of sorts, or two-thirds of a Three...

Auguraltrader Premium

In a previous AT CryptoScan post, Bitcoin was detailed on how it was actually bearish in nature. Since then, BTC has moved decisively downwards, and should continue to do so. This analysis is on Ethereum, using a simple(r) series of indicators that include MACD, HULL Moving Average, and TD Sequential, together with support and resistance ranges, on the ETHUSD...

Auguraltrader Premium

There has been a lot of talk about Bitcoin, with many views and some with strong evidence. Here is my own version of how I see Bitcoin moving over the next couple of months. Honestly, it is going to be without doubt volatile, surprising and just doing what it wants for so many reasons that could appear. MACD Signal Crossovers The log chart shows BTCUSD since...

Auguraltrader Premium

An update to the earlier SOXL post... Previously identified as a potential, in what appeared to be a really nice technical wedge breakout. And there is more, much more as a reader gave some heads-up about the semiconductor bill. Techncially, SOXL has been bullish, but is also susceptible to strong retracements, which took place over the week that just passed....

Auguraltrader Premium

Quick note that the GDX is finally recovering. After about 8 weeks, and a consolidation range, the GDX appears to be recovering with a nice gap up on the weekly chart. Technical indicators are turning up, and the daily chart would be testing the 55EMA soon... 29 appears to be a very strong resistance to break.

Auguraltrader Premium

Reviewing the Crude price action, and it appears weaker than stronger, after its retracement. At this point, the weekly chart is struggling to stay above the 55EMA, but technicals are showing strong weakness that would pull prices lower, and below the 55EMA in the coming weeks. A hint that this is the case comes from the candlestick of the week that just closed....

Auguraltrader Premium

It is as clear as daylight, that the SPY is very bullish. The weekly chart closed the week at the very top of the candle, and more importantly above the 55EMA (about the same as the 200 daily SMA), clocking in a new recent higher high. Technical indicators appear to be supportive with MACD crossing over into bull territory. The daily chart shows the mid- to...

Auguraltrader Premium

Good day! This is an unusual highlight, but I am so excited, and you would read on to find out why... Previously outlined, on 3 August, I played the devil's advocate and looked at a counter trend scenario. In this scenario, the SPY was still below the weekly 55EMA, and could fail to break above, then break down much further. Thing is, the weekly SPY chart is...

Auguraltrader Premium

LOOKSUSD looks like it is about to break out... MACD bullish divergence about to crossover, and a imminent triangle breakout appears to be set in place as it nears the apex. Watch for a failure breakdown too, still possible. For now, leaning towards a breakout 70:30.

Auguraltrader Premium

It has been a really long time since GXC was updated. Previously, an imminent breakout was expected, but it failed, in an epic fashion, to find itself the bottom support of the triangle. Has it bottomed out and ready for a bounce? Early game, but just want to put in the observation that it might bounce for the next attempt to breakout of the triangle. The weeks...

Auguraltrader Premium

So... Crude appears to have kaput and broke down quite a bit. Changed outlook, and the triangle has been readjusted and immediate target at 84 for the week ahead; and lower to 70 if the downside momentum continues. With the long weekly candles (momentum), slicing through the weekly 55EMA, breaking down the support ranges, and alignment between the weekly and...

Auguraltrader Premium

The NASDAQ just about reached the weekly 55EMA and retraced slightly . It cleared the 13K resistance and 13.2K resistance as well. Still bullish in the weekly technical indicators. The daily chart breaks down the week, with a early week pull back and some volatility and a weak retest of the gap; and then the mid-week bullish spike to break 13K. These were...