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Key Gold, Silver, & Stock Market Tacticscaptainewave March 20, 2019 GOLD: We continue to monitor our alternate count for wave !iv! where we completed wave ?a? of !iv! at the 1280.80 low and we are now rallying in wave ?b?. Our retracement zones for wave ?b? are: 50% = 1315.30; 61.8% = 1323.40 Upon completion of wave ?b?, we would fall in wave ?c?, which has minimum target of the wave ?a? low of 1280.80. We have shown this alternate count in red on our “Daily Gold Chart”. Wave !iv! could also become a bullish triangle. Our preferred count is that wave !iv! is complete at the 1280.80 low! We will provide projections for the end of wave !v!, when we are sure that all of wave !iv! is complete. Our initial projection for the end of all of wave $iii$ is: $iii$ = 4.25$i$ = 1412.10. Longer term our first projection for the end of wave .iii. is: .iii. = 1.618.i. = 1447.20. We do have higher projections. Of course, wave .iii. will subdivide into a 5 wave impulsive sequence in its journey higher. Trading Recommendation: Long gold. Use puts as stops. Active Positions: We are long, with puts as stops! We continue to work on the assumption that all of wave .i. is complete at the 16.20 high and possibility all of wave .ii. at the 14.98 low. Our retracement levels for all of wave .ii. are: 50% = 15.30; 61.8% = 14.75. Silver needs to move higher now and close above the 15.55 high. Once wave .ii. ends we expect a very sharp rally in wave .iii. will be the next major event in this market. We will provide our initial projections for the end of wave .iii., when we are sure that all of wave .ii. is complete. Trading Recommendation: Long silver. Use a put as a stop. Active Positions: We are long, with puts as stops! Our preferred count is still suggesting that the SP500 should be heading to all time new highs in wave v of V, as shown on our daily and 120minute SP500 charts. We have updated our count within wave v to suggest that wave (iii) ended at the 2813.49 high and all of wave (iv) at the 2722.27 low. Within wave (v) all or most of wave -i- is likely complete, or almost complete at the 2835.41 high and if that is the case then we should expect a drop in wave -ii- to start very soon as shown on the 120minute SP500 chart. Note the possible ending diagonal triangle that is visible on the 120minute SP500 chart, which might be indicating that the end of wave -i- is close. We also now need to consider that wave V did end at the 2929.86 high and that we are falling in a new multi-year bear market. As you can see on the daily SP500 chart we have shown our red alternate count that suggested at wave ii was a very unusual looking irregular type correction that completed its minimum requirements at the 2821.24 high. A drop below the 2722.27 low now would likely confirm this bearish count to be correct. If this count is correct we should expect the SP500 to collapse in wave iii. Our ultimate minimum target for the end of wave (v), v and V is the 2929.86 high.
Traders playing the Captain’s wave counts to new SPX highs via SPXL-nyse could sell now, before the Wednesday Fed announcement. Active Positions: Very short, with an updated call as a stop! Free Offer For Website Readers: Please send me an Email to admin@captainewave.com and I’ll send you our key “GDX Is On The Move!” report. I include key wave counts for the 60 minute chart, daily chart, and weekly chart, with tactics to help investors make money! Thank-you! ### Mar 20, 2019 Risk: captainewave.com is an impersonal advisory service and, therefore, no consideration can or is made toward your financial circumstances. All material presented within captainewave.com is not to be regarded as investment advice, but for general informational purposes only. Trading stocks does involve risk, so caution must always be utilized. We cannot guarantee profits or freedom from loss. You assume the entire cost and risk of any trading you choose to undertake. You also agree to bear complete responsibility for your investment research and decisions and acknowledge that captainewave.com has not and will not make any specific recommendations or give advice to you or any of its clients upon which they should rely. captainewave.com suggests that the client/member test all information and trading methodologies provided at our site through paper trading or some other form of testing. captainewave.com, its owners, or its representatives are not registered as securities broker-dealers or investment advisors either with the U.S. securities and exchange commission or with any state securities regulatory authority. We recommend consulting with a registered investment advisor, broker-dealer, and/or financial advisor. If you choose to invest with or without seeking advice from such an advisor or entity, then any consequences resulting from your investments are your sole responsibility. All information posted is believed to come from reliable sources. captainewave.com does not warrant the accuracy, correctness, or completeness of information available from its service and, therefore, will not be liable for any loss incurred. Due to the electronic nature of the internet, the captainewave.com website, its e-mail & distribution services and any other such "alerts" could fail at any given time. captainewave.com will not be responsible for unavailability of use of its website, nor undelivered e-mails, or "alerts" due to internet bandwidth problems, equipment failure, or acts of god. captainewave.com does not warrant that the transmission of e-mails, or any "alert" will be uninterrupted or error-free. captainewave.com will not be liable for the acts or omissions of any third party with regards to captainewave.com delay or non-delivery of the captainewave.com nightly emails or "alerts". Further, we do not receive any form of payment or other compensation for publishing information, news, research or any other material concerning any securities on our site or publish any information on our site that is intended to affect or influence the value of securities. There is no guarantee past performance will be indicative of future results. No assurance can be given that the recommendations of captainewave.com will be profitable or will not be subject to losses. All clients should understand that the results of a particular period will not necessarily be indicative of results in future periods. The results listed at this website are based on hypothetical trades. Plainly speaking, these trades were not actually executed. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated trades do not represent actual trading. Also, since the trades have not actually been executed, the results may have over or under compensated for the impact, if any, of certain market factors such as lack of liquidity. You may have done better or worse than the results portrayed. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. No independent party has audited the hypothetical performance contained at this website, nor has any independent party undertaken to confirm that they reflect the trading method under the assumptions or conditions specified hereafter. While the results presented at this website are based upon certain assumptions believed to reflect actual trading conditions, these assumptions may not include all variables that will affect, or have in the past affected, the execution of trades indicated by captainewave.com. The hypothetical results on this website are based on the assumption that the client buys and sells the positions at the open price of the stock. The simulation assumes purchase and sale prices believed to be attainable. In actual trading, prices received may or may not be the same as the assumed order prices. 321gold Ltd |
