Traders Should Stay Optimistically Cautious

So far, the research team, at The Technical Trades Ltd., has been calling this market move quite accurately.  On September 17, 2018, they called for a -5~8% downside market rotation, followed by price support just before the November 2018 US elections.  After that, they called for a deep “Ultimate Low” price rotation followed by a strong price rally.  Even though they under-estimated the depth of the correction their trend predictions from 120 days earlier played out quite accurately. So here is what they are currently saying.

BITCOIN BREAKDOWN MAY PUSH PRICES BELOW $5000

Recent market turmoil across the global stock markets has refocused investors on the concerns of global economics, trade, and geopolitical issues – away from cryptocurrencies.  The biggest, Bitcoin, has been under extended pricing pressure recently and our research team believes Bitcoin will breach the $6000 level to the downside fairly quickly as extended global market downtrends continue.

Is Gold on the Verge of a Bottom?

From 2017 until now the Gold chart shows another 75% price retracement from recent highs once again.  This second 75% retracement could be a massive bottom formation setting up in Gold and could be a huge “wash-out” low price.  We believe this unique retracement is indicative of a massive price breakout over the next year or so as the price of gold is forming what Stan Weinstein calls a Stage 1 Accumulation.

Credit Suisse & UBS have a Message for Wealthy Clients

Political uncertainty and geopolitical risks have kept wealthy investors out of the stock market’s rally of new highs. “Now’s the time for them to jump back in and take advantage of the gains still to be made”, say the people looking after their cash.