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

Future Retirement Success

Stocks

The Ord Oracle March 6, 2023

by March 7, 2023
March 7, 2023
The Ord Oracle March 6, 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.

The tan-shaded area is where panic in the TRIN and TICK occurred and panic from near lows, so the 395 to 400 range on the SPY is a support area. The blue numbers are TRIN closes (first number), followed by TICK closes (second number). For the very short term, SPY could back and fill near the tan area before heading higher. The short-term statistics are not showing a bullish or bearish sign, but the monthly chart leans bullish (page two). At some point, probably this month, a “Sign of Strength” may show up near the 405 (close to where the SPY is now) and rally, through the monthly Neckline on wide price spread along with higher volume (Sign of Strength). One noteworthy statistic; since 1950, pre-election years (like this year) are 17-1 for an average annual gain of 16.8%.

Above is the SPY monthly chart. The pattern that appears to be forming is a “Head-and-Shoulders Bottom” where the Head is the October low, the Right Shoulder is forming now, and the Neckline lies near the 405 level. SPY has tested the 405 level five times over the last five months. The more times a level is tested, the more likely that level will be exceeded. There is symmetry in Head-and-Shoulders patterns. Notice how, below the Neckline starting May of last year, the market declined for five months into the October low. From the October low, SPY rose for five months, showing symmetry. Currently, SPY is at the Neckline and will need a “Sign of Strength” through this level to confirm the Head-and-Shoulders pattern. This potential pattern has a measured target to the 470 level, which is the previous major high.

The middle window is the weekly XAU/Gold ratio and the next higher window is the RSI of this ratio. Intermediate-term lows in the XAU are found when the weekly RSI for the weekly XAU/Gold ratio falls below 30, then turns up. The chart above goes back to mid-2013. The blue lines show the times when the weekly RSI fell below 30, which triggered the buy signals. Starting in 2015, most buy signals lasted a year on this type of indictor. That would give a target for July of this year on the current signal. The XAU has moved sideways since mid-2020 and is due to do something different. Our view right now (which may change) is a breakout above the 150 range, producing an impulse wave higher.

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 Ultimate Guide to Choosing the Best Bamboo Sheets for Your Bedroom
next post
Sector Spotlight: Strong Rotation to High Beta Sectors

You may also like

Five Decades Of Personal Stock Market Passages, Tools,...

August 20, 2022

Swenlin Trading Oscillators Trying To Turn Up

August 21, 2023

Oh Boy… Here Comes the Pullback!

August 4, 2023

Week Ahead: NIFTY Drags Resistance Levels Lower; Adopt...

May 6, 2023

GNG TV: Looking at a Relief Rally or...

October 16, 2023

Mixed Signals on the Charts? RRG Reveals Market...

May 27, 2025

The Nasdaq: A Tough Market to Gauge

November 4, 2022

Sector Spotlight: Sensitive Sectors Showing Strength

May 9, 2023

Sector Spotlight: Bonds & Financials Crucial for Promising...

April 4, 2023

Week Ahead: NIFTY Set To Open Lower; Relative...

April 5, 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

    • Rescissions: A Small but Welcome Step Toward Spending Discipline

      June 5, 2025
    • DAVID MARCUS: Why Navy ships should not be named for gay rights icons

      June 5, 2025
    • GREGG JARRETT: Biden, the ‘marionette president; and the case of the runaway autopen

      June 5, 2025
    • Trump Practically Bans Travel and Immigration from 12 Countries with Flimsy Security Justifications

      June 5, 2025
    • ‘He’s not a big factor’: Trump’s Senate allies dismiss Elon Musk’s calls to ‘kill the bill’

      June 5, 2025
    • Fears grow that Tata Steel could be excluded from Starmer-Trump trade deal

      June 5, 2025

    Categories

    • Business (8,147)
    • Investing (2,008)
    • Politics (15,523)
    • Stocks (3,127)
    • 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