4/15/20 MARKET CLOSE Update - CURRENCY/TREASURIES/GOLD

GLD entering short term pull-back? Treasuries and $USD ripped.


TLT: Chart with Detailed Levels

Market Structure: Still overall Bullish

Momentum: Neutral (turned up today - if follow through tomorrow = bullish)

Internals: Positive

Block Volume: Neutral

GEX: Positive


TLT Summary: We saw this being accumulated yesterday and price started to move today. This has been consolidating for a couple weeks with the equities strength. That is what has been keeping me concerned about the equities rally. The accumulation area is noted and any price moves in there will probably be bought (IF they happen). The supports are notated and this is probably BTD for now with GEX where it is and momentum turning up. Resistance is noted on the chart as well.

UUP: Chart with Detailed Levels

Market Structure: Still overall Bullish

Momentum: Bearish but close to resetting...keep watching this!

Internals: Neutral (but turning up towards the zero line)

Block Volume: Selling is slowing...keep watching this too!

GEX: Positive

UUP Summary: THIS REMAINS AN ALERT MONITOR NOW. Selling is waning with internals turning up and momentum turned up. The $USD shortage didn't go anywhere last few weeks...even with FED actions. Be aware of a bullish dollar move here after a high level consolidation and keep your eyes on this into week's end and into next week. This is important chart.

GLD: Chart with Detailed Levels

Market Structure: Still overall Bullish

Momentum: Bullish (exhaustion apparent now)

Internals: Positive (chasing now which isn't ideal)

Block Volume: Positive

GEX: Positive


GLD Summary: Still looking for a pull back in gold now. Candle failed right at the inflection yellow line now two days in a row. I think it holds 155. The only concern I have for this at the moment is liquidations in the event of another real bear raid in the next few weeks/month. That is something to keep in the back of your mind. Other than that big picture is very bullish and wherever this pull back stops I will close spec puts and go long again.

SLV: Chart with Detailed Levels

Market Structure: Still overall Bearish

Momentum: Bullish (but close to exhaustion)

Internals: Neutral

Block Volume: Positive (definitely chasing last squiggles higher)

GEX: Positive...but big put wall at 15.50 just dominating this


SLV Summary: Nothing new here with SLV. Cannot get through resistance and struggling even with large buying. IF it can ever push through 15.50 it will run...until then just going to meander and/or drop.

GDX: Chart with Detailed Levels

Market Structure: Neutral (improved from BEARISH but failure today hurts BULLISH)

Momentum: Bullish (exhaustion and almost turning bearish)

Internals: Turned over at high and collapsing

Block Volume: Positive but didn't help

GEX: Positive


GDX Summary: This was bearish follow through. If downside action continues then it all becomes where momentum downside burns out and the nearest price support level before a bigger decision is made. If this has high level consolidation and withstands a bear raid in late April/May, then could be a great buy...tbd. Good thing is lots of support below. Bulls want one of those to be a real hold.


Sign Up for Exclusive Trading Tips, Tools and More

DISCLAIMER: This site and all prepared documents are for information and illustrative purposes only. It is not, and should not be regarded as “investment advice” or as a “recommendation” regarding a course of action, including without limitation as those terms are used in any applicable law or regulation. This information is provided with the understanding that with respect to the material provided herein (i) voliswell.com is not acting in a fiduciary or advisory capacity under any contract with you, or any applicable law or regulation, (ii) that you will make your own independent decision with respect to any course of action in connection herewith, as to whether such course of action is appropriate or proper based on your own judgment and your specific circumstances and objectives, (iii) that you are capable of understanding and assessing the merits of a course of action and evaluating investment risks independently. voliswell.com does not purport to and does not, in any fashion, provide tax, accounting, actuarial, record keeping, legal, broker/dealer or any related services. You should consult your advisors with respect to these areas and the material presented herein. You may not rely on the material contained herein. voliswell.com shall not have any liability for any damages of any kind whatsoever relating to this material. No part of this website or it’s documentation may be reproduced in any manner, in whole or in part, without the written permission of voliswell.com except for your internal use. This material is being provided to you at no cost.

© 2020 VOLisWELL