Sable Receives Additional Surface Results and Starts VTEM Survey at its Copper Queen Project in British Columbia
Read the full $SAE.v press release below.
Economic Calendar Outlook👁️
Monday: Avoid (Pre-Election day) ❌
Tuesday: Avoid (Election day) ❌
Wednesday: Avoid (No news/Pre-FOMC)❌
Thursday: Trade Day ✅ (Post FOMC)
Friday: Trade Day ✅
This is not the week to be aggressive.
Let elections/FOMC set the tone.
Our Roadmap🗺️
$Silver has likely printed a DCH in a long right translated daily cycle 2, but it may want to retest the high before declining into a DCL. A break below the 10 day MA and daily inclining trend line will signal an impending DCL
Despite the rising $USD, $silver has done very well and should it push slightly higher on Mon 07 Oct (day 31) it may well replace 26 Sep (day 20) as the HCH which would almost guarantee a right translated daily cycle 2. After that it should decline into a HCL to create the pivot.
$SPX - The 8 day up streak ended but that was predictable. It has reached the gap at 5622. The event the market will focus on this week is Powell's speech on Friday. If it breaks above 5622 tomorrow SPX will likely rally for the rest of the week and may even make a new ATH(5670).
Bulls must deliver this tomorrow. Less than an 80UVOL/FTD is a dud. I’ll take off longs, reverse short most likely. Looking for evidence this is a snap-back only!
EARNINGS SEASON IS IN FULL SWING … GET READY FOR ANOTHER CRAZY WEEK AHEAD IN THE STOCK MARKET
Here's a full catalyst watch to help you get prepared 🧵⬇️
Once the attempt at a higher HCH (31 May, day 30) is complete I expect $gold to decline into early Jun around 07-10 Jun (day 37-40). Lower highs and lower lows for $gold will most likely mean it has entered intermediate decline.