Rewrite the video title ‘Trading & Investing: All-Time Highs Coming, Economic Spiral, Inflation, Stocks, Crypto, Gold, Silver
Write a 1000-word comprehensive and engaging article from the script [Music] [Music] good morning everybody Welcome to the game plan it’s that time on this Friday morning 9:00 a.m. sharp I am live here from Vera IED investing Studios and we’re going to get into the chart so first and foremost we’re looking at a market that continues to look like it wants to float up we may even be touching all-time highs on the S&P by early next week and again I’m going to go over a chart that actually predicts that if we do hit new all-time highs it actually may be the precursor to a major Market move down per previous charts of major Cycles in the past so we’re going to get into that as well so let’s get right into the charts here see how things go and number one we’re going to flip right into the S&P 500 so this is your pre-market data right now this is where we closed yesterday on the charts this was after hours yesterday and this is this morning you could see early in the morning before many of us were awake what did we see we saw a pretty dramatic move up not much volume there though keep that in mind is that this is the period when there’s almost no volume in the market so the institutions have a great advantage to just pushing it up on very little money and then ultimately they can try to unload into the retail buyer once the Market opens now we have come back in just a little bit but we’re still net positive on the morning session all right so again first things first I want to go over this chart of the daily spy and again this was yesterday’s candle so here’s yesterday’s move this was your 786 and GAP fill level so once you get above the 786 Fibonacci level there’s really no further levels until you get to double top and so what this tells us is that yes we’re above and I mean there’s always a chance we could reverse quickly today but it’s not looking likely but really at this point we’re less than 1% from all-time highs on the S&P 500 so what you have to assume is we’re going to at least touch the double top now historically when you go up here and there’s this much bullish sentiment you have a lot of people with stops right above that level they’re going to want to run those stops they’re going to want to take those shorts out pushing as many people to the long side and getting as many shorts out of the way as possible so the idea here is if we look at these charts and I want to just kind of go over this and and kind of clean this up the concept is probabilities are now favoring a potential move up to new all-time highs by just a hair so essentially you get this m chart pattern okay and I’ll go over this and again coming up here here’s your double top right here so you go just above it enough to get maximum people bullish thinking here we go again the next big move is coming and then my guess is we’re going to see that reversal back to the downside and the dramatic decline notice this pattern M classic M pattern in technical analysis you have a pivot High here the second high is usually the higher high which gets the max people bullish takes out the max amount of bears and then off of this pattern often times you get the biggest down moves out there and just to prove my point we can go over two major cycle highs in various things we’re going to go over one in Commodities and one in crypto to kind of point out this move so if we look at cryptocurrency here if we go to bitcoin right in fact I have it over here on the Bitcoin chart this is exactly what happened to bitcoin so in in 2021 we had this massive move up just like we’ve seen and then we had this corrective move right we then charged right back up and what ended up happening we took out the previous all-time highs by about a few percentage points I think it was about 5% or 4 per getting maximum amount of bulls on board thinking that this was the next move up and I remember this distinctively because I was at the Dubai conference for crypto and I was actually the only one there saying guys be careful we’re going to go back to 20,000 sure enough we did but ultimately that top right there lured in the maximum amount of bulls people calling for 100k by the end of November it was the beginning of November and by the end they were saying 100K and even a million you saw the lots of millions calls and then what ended up happening we ended up coming down 7 77% right so you dropped about 77% from that high now again all right so one chart now you might say by the way why is this important like why why is this pattern going to replicate or why does it replicate and in technical analysis when you’re trading the reason why technical analysis is a probability factor that works is because human nature is what makes buyers and sellers do what they do right if you’re if you’re excited about something you want to buy it if you’re greedy you want to buy it if you’re getting the fomo you want to buy it it’s human emotion coming into play likewise on the cell side the the panic and the fear drives people to sell and so when you’re trading charts you’re really what you’re doing is you’re trading human emotion and human emotion what we know is you go back a thousand years 5,000 years human emotion doesn’t change greed and fear are still there and you can look at various old texts at greed and fear out there and so it tends to repeat over and over again which is why technical analysis does work a majority of the time and when I say that I remind everyone nothing’s 100% certainly technical analysis is it gives you probabilities so anyways going on to the next chart here let’s go to natural gas now natural gas in 2022 had a very similar chart pattern right look at this move to the upside look at this down move secondary move Look the high higher high and then we got this drop and actually natural gas dropped I believe it was 85% from that high now I want to be clear by no means am I calling for a corrective move on the SNP of that magnitude if that happens we’re all screwed let’s be fair right but I do do th I do think that It ultimately will lead to a decline especially with what I’m seeing in the macro data the macro data continues to weaken we talked about this yesterday jobless claims north of 230,000 now that’s now a breakout on jobless claims likely going to continue up we saw the GDP numbers come in weaker we saw the non payrolls numbers coming weaker uh ism is showing a contraction for services all of these data points are showing an economy that is dropping now in the short term you might say well if the economy is declining why is the stock market going back up because the market is addicted to the idea that a weakening economy is good news for the stock market via interest rates going down again that will work for a certain amount of time eventually what’s going to happen is when the FED starts to cut rates Believe It or Not historically the markets then start to decline so we can actually almost pinpoint it to when the FED actually starts cutting rates now you may say why well number one the markets are already factoring in rate Cuts right we now back to two rate Cuts this year alone being factored in number two the market and investors once the FED has to cut there’s something wrong right there’s something wrong and the market and investors start to freak out and say oh my gosh you know the FED is behind the curve how many times have we heard that on inflation on the way up right on on inflation’s up move the FED is behind the curve well now now people are going to say oh my gosh the FED is behind the curve as the economy crumbles and that’s going to be the kicker for the decline in the markets all right so just wanted to go over that real quick guys we’re going to quickly go to Taiwan semi Taiwan semi coming out overnight and saying that their sales for uh in the last month have been very very solid better than expected uh Taiwan semi again they’re talking AI which again is helping the whole semiconductor index we hit a high of about 14850 this morning trading around 14 7 if we go to the daily chart the level that I’m looking for there’s two levels that I’m going to eye as a tradable level today one is going to be this first trend line here which is around 154 so 154 and then looks like 15850 yeah let me just check might be 159 no 15880 so 15880 so this area you have the opening pivot here and then your double top right up here on Taiwan semi granted we have to get a decent move up from 147 to get there but nonetheless if it does make that move I will be looking to trade that in the Apex live day trading room with our other members in there okay so that’s good stuff right there guys just wanted to cover that by default Nvidia is catching a bid today Nvidia was down about $17 yesterday it’s up about $112 today so you are seeing that move because Taiwan semi said sales were good AI chip demand is amazing then by default you’re seeing a lot of the other semiconductors make moves to the upside all right so just a couple tidbits on that front um other than that markets are relatively quiet today again we’re through a majority of earning season so the crazy moves are not going to be there unless we get economic data in the morning or specific you know relative chart information on specific stocks but I will say this next week There’s a massive amount of economic data and it’s going to be wild okay all right guys what we’re going to do now is we’re going to do our drawing real quick to find out who the winner is here so what we’re going to do again yesterday was range trading Mastery on amazing course by Paul Samson one of our verified Pros here and we’re going to find out who wins today that course and basically who will be improving their ability to trade the markets crypto mainly but again it works on all different things as well so the winner today guys is Anand thore and I could be pronouncing that incorrectly 1633 reach out to laon at verified investing.com he will hook you up with this course and again it’s a great course amazing course check it out on our website underneath all of our courses folks they are great and again if there’s one thing I I if I could go back and redo something in my life it would be to get more educated early in my career I would be a 100 times wealthier right because again think about the the amount of money that I lost early in my career and then if I didn’t lose that or I lost less the exponential growth on that as I’ve become a better Trader would be incredible but again you know when I was a young in I I didn’t know any better I just was like hey let me get in this and I made every mistake in the book folks every mistake I fomed in I did stupid things I put all my money in a position I mean all the things that I look back and I’m just like man what were you thinking but honestly it was a learning environment that I had to go through to get where I am today I’m hopeful that these game plans as well as our courses help a lot of you guys avoid those pitfalls and honestly save a lot of money over the course of your lives okay let’s do our drawing here real quick or I’ll spin spin of the wheel we’ll find out what it is for Monday let’s see what again we can do here ah the one minute scalpel guys another amazing course this one by Dr B uh his one minute scalpel is incredible folks literally I was running my live trading room just to give you some background on this since 2007 where we were day trading we were making money he’s come in with his tactics for the one minute scalpel and revolutionized it you can ask anyone in the Apex live day trading room it has made that trade room 5x better in in terms of pro profitability and trading uh opportunities very cool and this is what he uses right here so amazing stuff we’ll do that drawing on Monday all right let’s go right over here guys we’re going to run right through we’re going to look at Bitcoin and some other cryptos and then ultimately what we’re going to do is go over a couple other Commodities as well so first and foremost Bitcoin not doing much today it’s had a little bit of an uptick early and it’s just kind of settled into the flat side here generally speaking we’re still within a range right one of the things we can see is that we have our support line down here and again let me get off that color there there there we go so our support line down here and our resistance line up here now we are favoring the the lower end of support but one of the things that I want to make clear to you guys is that in general this bigger pattern is actually bullish right now listen that that’s more you know it’s still got to break out and it’s still could fail but when you have this move up what type of pattern formation is that it’s a bullish pattern right you have you have the upside move and then the sideways consolidation which is really what’s going on here and so net net as long as this holds here this lower trend line and you don’t confirm below the bias honestly is probably to the upside on bitcoin speaking of upside I did last night pick up a new trade with members of smart money crypto and this thing is just rocketing already guys take a look at this this is inj and again number one you could see this was a level and I actually highlighted this like a few months ago I said guys when this level breaks Watch Out Below it’s going to collapse and it sure did it went down to like 16 bucks it’s been consolidating here and I’ll show you why last night I I I wasn’t planning to do this trade and then all of a sudden I was doing research I was in bed on my laptop looking at charts as I always do and lo and behold I’m like wait a minute what’s this trend line here did we get a breakout and a retrace to the scene of the crime let me show you this look at this see this line here so basically what you had is you had a pivot to Pivot to Pivot and to Pivot and look you broke above it and then you Consolidated back down I was like all right low risk you have the support line right here you have double bottom right there and sure enough up to the races so we got in this below 24 bucks last night already north of 2650 awesome little opportunity but these are the things this is why I love charts is because it gives me the ability to potentially find like a diamond in the rough if you will or or you know a needle in a Hy stack you could use any analogies you want but it’s it’s like this is why I what I live for is the ability to find something that’s like a Hidden Gem and be like holy cow and then make money on it like very quickly very very cool okay Gold’s chart guys gold is up a little bit today assuming it closes here the bias would be neutral on gold why is it neutral well number one we’ve now eclipsed assuming we close here we’ve eclipsed this bare flag high so that now negates that bare flag but you still have the topping tail here which is a negative so we have a positive move negating this downward drop but now negative those those cancel each other out and essentially you have a neutral bias on it if we get above the topping tail high and close then that negates the the one Bearer signal and it’s full out back to bullish and honestly you’re still heading for 2500 this year probably even above 2500 silver had a nice move yesterday although it is pulling back after an initial pop today we can see again same sort of thing it got Above This level so that essentially makes it neutral still the topping tail here is the dominant Factor there and again those cancel each other out the positive move and the negative topping tail cancel each other out um so we’d watch that by the way one thing I want you guys to watch for going back to Gold’s chart here if we look at gold there is an obvious level for us to watch so number one we would watch this trend line here because if this trend line breaks to the downside let me zoom in a little so we can actually get us even clearer for you guys all right so see this trend line This UPS sloping trend line I just put in basically going back to this area here to here right through these lows right here so essentially as long as you stay above that that keeps you in that neutral maybe even positive bias if we take this out if this line if price breaks below this line it should go to that 2200 Target that I’ve been isolating so just something to watch watch this level it’s around $2,325 right here that would be a level to watch if gold turns down and you break that level then the likely move would be to 22 00 by the way next week should be very interesting for the metals because you do have a lot of uh economic data that’s going to influence the US dollar and currencies and by default it’ll influence the um the Commodities okay got to look at this guys this morning I wrote an article on verified investing you can go find it literally was probably about 6:30 in the morning I put this up I talked about a major level being tagged the underbelly of it on copper now you’ve reversed copper this could be a topping tail on copper guys all right so again watch this closely now you may say well what does that matter to me well to be honest even if you can’t trade copper there’s so many opportunities there’s so many stocks there’s ETFs that trade off of copper there is opportunities out there to make money off of this and again the key is going to be how does this candle end today right now it is a topping tail currently but we still have a lot of time left in the day but again for me I think I think in the bigger picture and I say to myself okay well if the economy is slowing that’s not good for copper Copper’s had a ridiculous run so it’s overbought which means it’s due for a correction now the patter the the factors are falling into place with the economic data starting to weaken and that ultimately May if we get a topping tail here guys this is probably dunzo here and you’ll see this move to the downside in Copper where would it Go the likely Target would be right here that’s your pivot support right around 415 420 somewhere in that vicinity all right uh quickly going into oil guys oil continues to inch up off of technical support here uh we have it let’s bring up that chart there we go for oil again oil came into this amazing trend line here as we know right here to here to here right into this Zone and we are bouncing now what I’m looking for is I’m looking for a short on oil but not just blindly short right we never blindly do anything there has to be factors behind it and the factor here is going to be this head and shoulder pattern a retrace to the neckline so you connect that neckline right here and if price can go up into this level it’s around 81 to 82 then this should be major resistance which then I think triggers a bigger down move so that’s something I’m watching for on oil here again I will alert obviously my commodity smart money commodity members if it gets there I’ll take that trade with them all right lastly natural gas guys natural gas had another up move yesterday I actually isolated down a level to go short I haven’t gone short yet because it hasn’t tagged but I do want to show you guys this there’s a big level and again I’m going to have to do this on my chart because it’s going back too far but basically it’s just above 250 it’s this Pivot Point right here if we draw this through so what we can see here is this is a good trend line of resistance you have this pivot low right here right right here right here and right here all in alignment right there and that means that likely we’re getting extended if we get into here I would actually probably nibble on a short on natural gas now is that dangerous yeah I mean any any trade in natural gas they call it a Widowmaker for a reason so that you have to be careful but the point being is that one thing I want to show you guys remember how just a few days ago I was like oh well if it pulls back to here we’re going to buy it and now I’m saying oh but if it goes up here we’re going to short it that’s what a Trader does I have no I couldn’t care less this could be rocks like I could be trading a chart of rocks or or any commodity or any stock or any crypto it doesn’t matter I have no preconceived bias all I want all I care about is does it hit resistance in which case I go short does it hit support well then I go long that’s all you care about that’s what a Trader to be honest that makes you much Freer because you don’t get like hooked into these stock stocks like oh my God I just love Tesla cuz Elon musk’s got or whatever it is you know for the most part you want to be agnostic and you just let the charts tell you what to do and that’s why sometimes if it goes high enough I’m going to short it sometimes it goes low enough I’m going to buy it that’s just what I’m going to do all right guys so on that note we’re going to call it today it’s a little bit of a shorter one but I’m happy about that because it’s Friday and I am a little tired I’m not going to lie to you guys you can imagine how much craziness is going on here at the verified investing Studios don’t forget if you want to be a sponsor and you want to be on the wheel of appre app reach out to late verified investing as well we’ll get you on there but thank you guys for tuning in another amazing week with you guys thank you again for supporting us here at verified investing and learning with us and again achieving hopefully a better level of financial success you guys take care [Music] ah [Music] that includes crypto day trading. 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I really need to accumulate more money
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Shared on X please I want to win 🙁
Shared on X. Thanks Gareth for the nice Chart analysis!
Amazing show as always, shared on X. The 1 minute course is great education so hopefully I win. 😀
Shared on X. Thank you Gareth
Shared on X – great analysis.
another great video.
Thanks Gareth – awesome insights as always!
Great show. Thank you for the knowledge.
Thank you for going over. I seen copper go from $3.00 u til 4.45 in 2 months.
I think i am becoming your best student by doing the same analysis and then i see your analysis which is same. So i am blessed and confident as you are here for us….my sir @gareth sir
LTC.d and LTC/BTC are BOTH bouncing from their Daily Bull Market Support Bands. LTC/USD may follow.
Thanks GS
Amazing simple, amazingly actionable. Thanks for the amazing analysis!
Lots of useful analysis today — I shared a link to this program on e-mail.
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Have shared this with family. Thanks Gareth for all your analysis!
I shared it with family! Thanks!
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You're perspective on Gold and BTC were very compelling, thank you.
shated on x, superb show as always
Thnnks so much for the honest macro data. It counters was is often coming from the mainstream finance channels!😃
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