PRS LIVE TESTING #3-#4/100 UPDATED PLAN (SHORT ON TIME)

THINGS HAVE CHANGED TODAY.

IF YOU WERE LONG, BOOK YOUR PROFITS. AS USUAL, I WILL UPDATE LATER AS OFTEN AS POSSIBLE. BUT I AM REALLY BUSY THIS WEEK.

THAT SAID, THIS CHANGE OF PLANS HAVE MY 100% CONFIDENCE RIGHT NOW.

Comment:

1. My main concern with today that caused me to be bearish is failure to take out the high. Yes, it did in July futures. But all that means is we are in a bull market for gold. It does not mean we can break out now.

2. Since 1975 there's only been 3 good July's, 1978, 79, and 2011.

3. Why can't this be number four? It could've been if prices put my worries about the 72 day LRC to rest, by pushing 1782 and holding for 48 hours.

4. I don't see that happening, now.

5. I forecasted ES, small caps, and EUR, to perform badly Wed to Friday window.

6. Cross asset correlation says gold going down too.

Comment:

DON'T HAVE TIME TO MAKE A NEW INTERMEDIATE CHART, BUT IT WILL LOOK SORT OF LIKE THIS FROM 6/7, BUT 50 PTS WEAKER AFTER JUNE

Comment:

PERSONALLY I WOULD SHORT TUESDAY OPEN TO MID MORNING
AND NOT WAIT UNTIL WEDNESDAY... IN CASE MY CHART IS SLOW.

Comment:

THIS THING JUST CHANGED AGAIN. BUT NOT SIGNIFICANTLY.

1. I WOULDNT BE LONG OR SHORT.
2. THE ONLY WAY TO WIN FOR THE NEXT 15 DAYS IS LONG AND SHORT SIMULTANEOUSLY.
3. BUT THE MOVE MIGHT NOT BE WORTH THE THE EFFORT.
4. THERE IS JUICE LEFT TO PUSH 1795.
5. BUT IT IS GOING TO BE A FAKE OUT.
6. SO IM GOING TO END THIS IDEA TOO.
7. MEANWHILE REFER TO THE INTERMEDIATE MAP FROM JUNE 7TH POSTED ABOVE AND BELOW.

Comment:

DONT BE DOGMATIC. DONT BE PRISONER OF THE MOMENT. BE AWARE OF WHAT YOUR TIME FRAME IS.

Comment:

I GOT AN AWESOME IDEA THAT WILL GET FRAMING RIGHT FOR GOLD MARKET.

ITS GOING TO COVER ALL BASES. BUT GOTTA RUN NOW.

Comment:

Basically:

1. Price is truth. Price leads.
2. In that sense we have resistance test, not a break out.
3. On 100-real day frame (72 dtrading days) going back to 1973 gold has NEVER broke out after having failed twice with 24 LRC rally.
4. Does that mean that it cant? No.
5. Since 1973 there has only been 3 good Julys: 78 79 and 2011.
6. From a long term perspective, we are not yet at the point in the rally to say this is one od those years.
7. BOTH VOLUME FROM XAUUSD AND GC1! IS SAYING STRONG FAKEOUT.
8. That means 1800 is a maybe, but if so, will get rugpulled like May rally to 1765, only on a bigger scale.
9. Im going to to develop a framing process. Will get back later.
10. Meanwhile:

Short RTY over SPY, its weaker and not as important.
EURUSD has already hit the first leg. I dont have time to update it.
PRS#3 is on hold. Until I can get 8 day LRC to imply breakdown

See you... space cowboys.

Comment:

.....

SALVATION!! I HAVE FOUND SALVATION!!

DETAILS TONIGHT.

Comment:

THIS IDEA WAS CLOSED TUES MORNING:

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