Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Stocks

The Ord Oracle February 15, 2023

by February 15, 2023
February 15, 2023
The Ord Oracle February 15, 2023

SPX Monitoring Purposes: Long SPX on 2/6/23 at 4110.98.

Monitoring Purposes GOLD:  Long GDX on 10/9/20 at 40.78.

Long Term SPX Monitor Purposes: Neutral.

Yesterday we said, “We posted this chart back in early January. We noted that, when both 18 MA’s of the Up/Down volume and Advance/Decline indicators reach above +20, the market is due for a consolidation (got the pull back). We also noted that when both indicators reach >+20, after the pullback, the market goes on to make a higher high. We noted those instances on the chart above with red vertical lines. Notice also that there was a “shakeout”, which is when the market is unable to hold below previous lows. A close above the previous lows creates the “shakeout”. What normally happens next is an attempt to break above the previous highs, which in this case would be for GDX to attempt to break above 41.00 range. As long as the weekly mid-Bollinger Bands are rising, then the trend is up.”

Added to the above, GDX is back at the support lines that date back to 2016 (7 year support line). The longer in time the support line, the stronger it is. The pattern that may be forming is a “head-and-shoulders bottom” pattern where the head is the late September low. I might add GDX traded above its left shoulder on higher volume, suggesting the early January high will be exceeded at some point and give credit to the developing head-and-shoulders pattern, This potential head-and-shoulders pattern has a measured target to 42.00 range, which is back to the old highs.

Tim Ord,

Editor

www.ord-oracle.com. Book release “The Secret Science of Price and Volume” by Timothy Ord, buy at www.Amazon.com.

Signals are provided as general information only and are not investment recommendations. You are responsible for your own investment decisions. Past performance does not guarantee future performance. Opinions are based on historical research and data believed reliable; there is no guarantee results will be profitable. Not responsible for errors or omissions. I may invest in the vehicles mentioned above.

0
FacebookTwitterGoogle +Pinterest
previous post
The Business Enabler of the Year Award finalists revealed
next post
Is the Whole Country Buying Teslas and Eating at Wingstop?

You may also like

VIX Index Above All of Its Futures

March 15, 2023

Roblox Bounces Back: Is It Worth Buying?

February 17, 2023

DP Trading Room: PMO Surge in Technology

June 12, 2023

Will NFLX Pierce Through Resistance With Breakthrough Earnings?...

April 17, 2024

DP Trading Room: Dividend Investing

August 29, 2022

Expedia (EXPE) Taking The Road Less Traveled

November 19, 2023

How to Buy WINNERS When They Pull Back!

December 14, 2024

Tesla Stock’s Shocking Comeback: What You Need to...

July 5, 2024

VIX Flashes a Key BEARISH Symbol for Stocks!

August 22, 2023

3 Compelling Charts in the Financial Sector

February 28, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Week Ahead: NIFTY’s Behavior Against This Level Crucial As The Index Looks At Potential Resumption Of An Upmove

      June 7, 2025
    • FLASHBACK: Musk accused Trump, GOP leaders of not wanting to cut spending — here’s where they said they would

      June 7, 2025
    • ‘Right down the line’: Medicaid reform in ‘big, beautiful bill’ divides lawmakers by party

      June 7, 2025
    • FAST distribution and IA

      June 7, 2025
    • Why Independent Digital Platforms Are Gaining Ground Among UK Entrepreneurs

      June 7, 2025
    • Is Decentralisation the Future of Online Services in the UK?

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,560)
    • Stocks (3,135)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved