Stock Market Cycles Are Topping This Week

I have put together a very detailed video this morning coving bother some long term, short term and market cycles. The video is a little longer than normal but I want you to understand fully where the market is trading and what to look for in the coming days.

Pre-Market Analysis Points:

–          Dollar is trading higher this morning which is putting pressure on stocks & commodities.

–          Fed Chairman Bernanke Testifies at 10am ET which will cause all investments to move wild.

–          Oil is trading slightly lower and oil inventory numbers come out at 10:30am ET.

–          Natural gas is flat and continues to build a base at resistance for a possible future breakout.

–          Gold, Sold Miners and Silver continue to consolidate within a multi month pattern. A major move is brewing but has not been triggered as of yet.

–          Bonds are trading up from yesterday’s close after pulling back from reaching our double top price target on Monday.

–          SP500 is nearing a couple resistance levels (previous pivot high, down trend line) Momentum, short term and intermediate cycles are starting to top and that means we should be prepared for a pullback/down trend which could last 4-6 weeks.

 

Watch Video For Clarity

 

Get This Video Analysis EVERY MORNING here: www.GoldAndOilGuy.com

Chris Vermeulen