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Indices are at ATHs, and the internals aren't looking good for the bullish case, especially heading into the $SPCX IPO and the next #FOMC meeting with the new chairman.

1st chart - Stocks Above 5MA Index was down on Monday, while the markets bounced.

So is Stocks Above 50MA Index (2nd chart), a higher-low setup, hovering near its bear/bull line

3rd chart - Stocks Above 200MA Index also don’t look good for the bullish structure, also near the bear/bull line, and at support.

Internals aren't pretty going into the OPEX week...

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@CheddarFlow Those are hedges against those calls that were sold today

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@norddeutsch_inv @Braczyy @grok Here, I will make your life easier :)

#Gold monthly chart, GC just broke out, it's going much higher!

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Sharing my latest #TTR $SPY chart with the weekly levels and notes with you guys:

Pay attention to how big the spread is between those weekly expected move levels!

If the weekly pivot holds and is not reclaimed tomorrow, we should see more selling this week.
The 2h price has also closed below 110MA.

So the bulls must gap up and close/keep the price above the weekly pivot tomorrow, or there will be more pain for them, and we will see lower levels this week.

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@unusual_whales But the liberal government is still forcing for the gender change without parents consent!
Don’t be stupid, it’s just another puzzle for the enforcement of the Digital ID! Obviously for your own safety and good right.

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#Silver is in bottoming formation imo

Those who think that it’s going back to 20-30s are sooo delusional!

If you haven’t started your physical hedge yet, it’s the time to start hedging.

I have added to my physical stack today

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@FansAnatoly Anatoly 💪🏻

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@Mappy6984 Those taxes are insane!
Happy for the guy, everyone should enjoy their lives and experience things now, as you don’t know what tomorrow brings

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@jakerattlesnk Fcking ugly and mental ill retards! The world needs a real reset, it’s coming

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@JohnM33333 Hi John, check you PM

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Bears are back, at least for a day lol
I was expecting this move to start a bit earlier, and we got it all in one day🤯

Time for a good run and exercise

Enjoy your weekend, everyone!

P.S. we should see $SPY and $QQQ bounce next week into OPEX, but the end of the month can get very ugly...

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Second #ES scenario with lower low by Tuesday.

That would suggest that $SPX looses 7300-7330 too and $SPY falls below 732-35 this week.

Then wave 2 bounce into VIX OPEX day

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$ES_F 5th down to go imo, but also can be 4th of 3rd wave down and lower lows after the 4th wave is in. If 7330-7300 is broken, then 7225-7200 will be next

This will setup that right shoulder setup into $SPCX IPO

Also, should be careful shorting getting close to the OPEX week

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She is soooooo right!!!
Listen and then re-listen!

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@KobeissiLetter Will be buying it end of June

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As promised, posting one of my $SPX cycle charts, and the one that I shared with the community 4 days ago.

Both 18.6Y and 60Y cycles suggest down into the end of the month and potentially early July, then a B wave bounce into late Aug.
80Y cycle suggest higher into the end of June (not shown on the chart)

The main downside move should come end of the year and potentially stretching into early next year from where the biggest inflationary rally of our times will begin.

Im not going to trade $SPY or $QQQ options this summer but will be looking for smaller cap stocks as I think a right stock picking will be the most profitable trade this summer.

Also buying #Silver and Gold will be important going into end of the decade!

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If today's sell-off is the start of the real reversal and the top is in, then $SPX 🎯 7375 by Friday or Monday

ES (futures) 7565-7575 is the main resistance.
Above 7600 $ES_F and the call is off❗️

I will update my #SPX cycle chart if 7375 is hit by Monday next week...

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@CryptoNobler 😂

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@OddStats @grok statistically, what will be this upcoming Monday Jun 8th drawdown and end of the day return based on these stats and Friday’s June the 5th close?

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@bruce_barrett One of the reason why I stopped banking with RBC