{"id":148,"date":"2010-02-25T00:07:03","date_gmt":"2010-02-25T04:07:03","guid":{"rendered":"http:\/\/www.silver-investor.com\/blog\/?p=148"},"modified":"2018-06-10T10:58:22","modified_gmt":"2018-06-10T10:58:22","slug":"gold-silver-stock-indices-on-the-verge-of-rolling-over","status":"publish","type":"post","link":"https:\/\/www.themorganreport.com\/blog\/gold-silver-stock-indices-on-the-verge-of-rolling-over\/","title":{"rendered":"Gold, Silver & Stock Indices on the Verge of Rolling Over?"},"content":{"rendered":"

Gold, Silver & Stock Indices on the Verge of Rolling Over?
\n<\/strong>
\n\u00a0<\/span>http:\/\/www.thegoldandoilguy.com\/articles\/gold-silver-stock-indices-on-the-verge-of-rolling-over\/<\/span><\/span><\/span><\/a>
\n\u00a0<\/strong>
\nThis week has been playing out as we expected. Last week we saw the market rally on light volume into a resistance zone on the daily chart. Light volume rallies are always a warning sign, much like the \u201cCalm before a Storm\u201d.
\nThe way I look at bearish price action:
\nThe First Heavy Selling Volume Day<\/strong> \u2013 I see this as large institution selling massive amounts of investments (stocks & commodities) because prices have risen enough for them to book profits OR they know something we don\u2019t and they are getting out before the majority of traders find out.
\nLight Volume Rally\/Drift Higher<\/strong> \u2013 After a heavy volume sell off we tend to see prices drift higher on light volume. This is when the institutions stop dumping investments and allow the retail investors (Un-educated Traders) to buy the market back up.
\nBear Market Trend<\/strong> \u2013 In a down trend we see these two phases enter and exit the market. These patterns happen on every time frame from tick charts to yearly charts. Trends vary in length from 1-2 cycles and sometimes 10-20 cycles and more\u2026
\nCurrent Market Conditions<\/strong>
\nSo far this week we have seen the market sell down on increasing volume which is bearish and is pointing to lower prices. On Wednesday we saw prices move up on light volume with volatility rising into the close with a short wave of selling. This was indicating to me that sellers were starting to enter the market again.
\nThe daily chart below clearly shows the heavy selling and drift higher on declining volume. The market is now trading deep into a resistance zone and looking ready to drop.<\/strong>
\nSP500 Intraday 2 Hour Candle Charts<\/strong>
\nYou can see the same selling patterns repeat themselves. Since the Feb 5th<\/sup> bottom we have been forming a much larger bear flag which makes me think a BIG drop is only days away.
\nSP500 Trend Trading Conclusion:<\/strong>
\nBoth stocks and precious metals are trading with the same chart patterns and volume levels. So if you are wondering about gold, silver and oil, I am seeing a similar scenario playing out for them also.
\nThe reason I keep bringing these bearish patterns up in my reports is because once you master trading in a down market then you can make money during some of the fasted moving times in the market. I have always preferred shorting the market because prices drop much quicker then they rise. So profits are made quickly.
\nAlso, if the broad market does eventually roll over later this year, and I am not saying it is, but \u201cIF\u201d it does, then you will feel somewhat comfortable with the positions we will be taking.
\nIf you would like to receive these Free Bi-Weekly Trading Reports please visit my website for TheGoldAndOilGuy.com at: www.TheTechnicalTraders.com<\/a>
\nChris Vermeulen<\/p>\n","protected":false},"excerpt":{"rendered":"

Gold, Silver & Stock Indices on the Verge of Rolling Over? \u00a0http:\/\/www.thegoldandoilguy.com\/articles\/gold-silver-stock-indices-on-the-verge-of-rolling-over\/ \u00a0 This week has been playing out as we expected. Last week we saw the market rally on light volume into a resistance zone on the daily chart. Light volume rallies are always a warning sign, much like the \u201cCalm before a Storm\u201d.More<\/a><\/span><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[121,89],"tags":[],"yoast_head":"\nGold, Silver & Stock Indices on the Verge of Rolling Over?<\/title>\n<meta name=\"description\" content=\"Gold, Silver & Stock Indices on the Verge of Rolling Over?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.themorganreport.com\/blog\/gold-silver-stock-indices-on-the-verge-of-rolling-over\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gold, Silver & Stock Indices on the Verge of Rolling Over?\" \/>\n<meta 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