Transcription
Hey Trader, John Hal here. So let's have a bit of an update across the markets today. Stock markets are starting to potentially hold up. Are we about to see a reversal in the stock market? And gold? Are we about to see a reversal in gold as well? Too right, we're starting to see this thing starting to heat up in the markets from here.
So, Traders, if you do need some help, or actually no, make sure you've got access to that free trading course on the screen right now. It's actually broken up into four main phases: found biggest mistakes, chart reading techniques, Advanced chart reading techniques, and then also, um, my system and so much more out of that as well. The very first video you get is actually the 13 biggest mistakes you're making right now, and you don't even realize it.
So let's actually go into, uh, having a look at, uh, we'll start off with gold, and then we'll get into the stock market right now. And I believe there's some really, really, really amazing opportunities out there when it comes down to these markets, guys. Um, you just got to know what to look for, and I'll, I'll get to, I'll get to that in just more, in just a minute here.
But as we can see here, when it comes to the gold price, gold right now today had, had a pretty strong reversal here. This is very, very, very weak on the upside, and I've been watching this here. And whenever we do get strong bars, right, whenever we do get strong bars to the upside, that's obviously momentum to the upside, right? And then we get this sort of reversal here. So one of the hardest things about, one of the easiest but hardest things about the markets is the easy thing is that I, I do know where, what's coming. Meaning, if we just see how these markets operate, we know what's coming, right? We do know Gold's going to go through a bit of a consolidation soon, or a nice good healthy correction out of the markets. We know that's coming, okay? And if you say not, then that, uh, you can ignore reality, but you can't, you can't ignore the consequences of ignoring reality, okay? So we do know that's coming out of the market here. So the, the, the, the easiest thing is, the easiest thing is the easy, the easiest and the hard thing about, about these markets is whenever you utilize these techniques. And one of the techniques I always like to use myself when I'm looking at the markets is if we just get too far away from the moving average, we know there's just a massive probability, that's all we're after, right? We said, okay, do I have a really good chance of actually doing well in this market here? Or even if I'm not involved with the market, what's the, if there's, is, is there more of a probability than not of something happened? And we just know whenever the market gets too far away, we get these big vertical moves. We do know what ends up coming out of the markets. So that's what I want you to do, guys. You know, don't use thousands of different indicators. Bring it back. Look what I have. This is a weekly chart. I've got a 24 moving average on the weekly chart. Do it to all markets. And when we get too far either up or down, with two, we're two overextended, either side, overbought or oversold, and then we end up coming back to it as well. And you can see how the rhythm of the markets, right? And so the market goes through what's called two different phases, right? Energy using phase, which means the Market, in this case, the Market's going up, up, up, up, up, and it's using energy. And there comes a point in time when now it's run out of energy, and we either get something like this here, or we start to get something like this here as an example, right? We start to get a sideways movement. So after a period of energy using, there comes a point where we start to go through energy building, energy using, energy building. We've been using all this energy up, so what sort of phase is coming next? We just know this, right now. This is technical analysis on a short-term level basis, not for investors who have been holding for the next 10 years, okay? So we do know, and again, the easy thing is that we know what's coming out of gold. The hard thing is that when does it, when does it start to form? And I believe we're getting very, very, very close to that happening, especially when we got this complete engulfing candle here. So we're getting very, very, very close towards the end of this big bull move here, guys. And then I wouldn't be surprised if nothing happens now out of gold for the next year, uh, at least for the next 6 months. It's all over, right? It's all over for gold. We're probably not going to be doing much. And I know what I'm going to get from the chat box. It's okay, right?
Um, but look at, at Silver though. Silver's just been still, silver is still one of those sort of, um, one of those sort of, you know, not really much, you know, not really much going on here. We, silver had a little bit of a down day today. It's in an upward trend. It's just so volatile through here. Um, yeah, Silver's one of those really, really, really hard runes, right? We're still struggling with this here. Sil is very, very low probability, um, for a trading opportunity anyway, for me, um, and therefore I don't, I don't, I don't like to trade silver, especially right now. Whenever you get volatile periods, guys, this is where you end up getting chewed up. So stay away from the good old silver and gold.
Let's go look at the actual stocky Market here today. And if we bring up, we do another big picture here, right? Look at, look, look at this big picture. Actually, you know what, let me do this here. Tell me, does this here, right, whenever we do go through the bare markets, right, this is a bare Market here, right here. So this is a bare Market here. See that bare Market? Does this here look anything like a bare Market, a crash coming and so on so forth? Does it look like that? It doesn't. But John, this time's different. No, it's not. Why am I saying this? Because even though we're where we are right now, there's a real good possibility that we're going to be going back up again to start the, see move up. Now if we see this happening right now in the markets, why is this happening? Well, you notice on all markets, even on the gold market, you'll notice after a period of going through a nice, you know, maybe a nice little move for a while, we tend to do what, we tend to then do this here, don't we? You see it all the time. Sideways, big move up, sideways, right here, big move up. We end up going sideways for a little bit, and then we had a move. Now what's happening through here? We've got, we with Dow Jones, if we just understand the concept of when the Market's had a very nice move up for a while, we're probably just going sideways before we continue the overall trend. That's all it's doing, right? That's all it's doing. Nothing to be worried about, nothing to be concerned about, nothing. Here we go. New all-time new Highs are coming, all right? So as you can see, this is just what markets do. Over, and I'm looking at the weekly chart here. This is obviously a big picture here, weekly charts, but you can see the concept of what I'm saying here, right? And it's, it's a concept of whenever we go through a big move for a year or two, right? And you just see it time and time and time again, guys, right? Let me, let me bring this back over to here. There we go. All right, look at this here. So it's just, it's just the way, it's just what happens, right? We can see this here. So we had this sideways period through here for a bit, then we broke out, we went for a nice move for a while, then we went sideways, then we broke out for a while, and then we went sideways. See what the market does? Like a lot of times, this what happens. And this is where like, if the Market's been doing this for one, two years, AKA gold, well, we're pretty much going to be getting something like that, right? And that's what's probably coming. The purpose of bringing this up to you here is let's remove the fear, the greed, the emotions and all sort of stuff and kill, because we want to make sure that we, we're seeing things as it is, so we can make good decisions and make that money on the short-term analysis here when it comes to the good old Dow Jones. We're making a lot, we're still making a higher low here. If the market does indeed come up, and we get something like this going on here, and we break past this here, higher lows, the buyers even on the short-term charts are starting to come back in. Guess what that means? That means then this whole level through here and this here was then a, do that again. Let's see if I can do that again. This whole arrow through here was indeed a support. This whole area through here is now a false breakdown, right? False breakdown, and then we get the move up, holding through here. Actually, isn't that quite interesting, guys, to see this support, support? We found support, it actually came up, it actually came down, and now it's actually finding, now potentially a higher low, right at that level of support. What a quinky dink, right? So that's the, that's the Dow drones from there.
If we go have a look at the S&P 500, S&P 500 is right near a level of support, right? Um, and we just bring up the short, I won't go over the long-term stuff. We just went through that on the market, just how all markets work. But now we're getting a bit of a double bottom. If indeed, and if you guys are expecting this is, this is to be the big one and the big crash coming and so on so forth, listen to the markets. We need to listen to the markets, okay? What does that mean? That means right now we're getting a one and a two, double bottom. If this does hold through here and we break up, guess what? Now we have a projection of where it's going to likely to happen on a short-term level. What does that mean? We measure from the high to the low, and it looks like it's, looks like it's on this scale anyway. We got bottom 1, 2, 3, three, that'll be the bottom 1, 2, 3. So the target would be somewhere around the 6,000 level. If we break this level here, we're probably going to rise up to the level there. What does that mean? Falsely breaking down, double bottom, move to the upside, maybe a bit of a pause, and then here we go, 7,000 Target that I have, and I'm still saying we're going to get there, cuz I'm still seeing what I'm seeing on the overall markets, what I've went through this video with you today, and we can see what's going on from there, right?
Let's go look at the NASDAQ as well. And the NASDAQ, NASDAQ is probably, is, uh, probably going to be a false breakdown, the end of the move, and we probably like it to see a move back up from here. The reason why is because energy, right? Market is energy. If the market spends a lot of time going sideways, it's built a lot of energy to go for a move. But if we've gone for a big move, we've used a lot of energy, but we have a very small little movement, and then we try to go again, we've had no time to re-energize, refuel to go for another move, hence the reason why we're getting a false breakout here in the market.
So there we go, guys. There's a bit of an update for you. If you do need some help, guys, and you actually want more actual hand-holding, if you are struggling right now, guys, in these markets, and you have no idea about reading these markets, um, and you want someone that's been doing it for 20 years to share some things with you and hold your hand every single week, then go to getjp.com. That's the application form. You'll be able to see my Equity curve and all the details about it as well, too, about, about that. So go to getjohal.com, fill out the application form, guys, and I will personally call you to have a good chat about everything. So speak to you soon, guys.