Pay Attention to Palladium and the target that it hit …

Palladium and the NASDAQ have tracked nicely .. watch the upcoming target closely

09/28/2019 – we blogged about this long term target back in March. It was hit on Friday. When we have two 1.618 projections and extensions coming together – it should be a big deal. The other to note is the fact that we have what’s called a “butterfly sell” pattern that hit on the daily and smacked right into the long term targets from 1996. If we get a weekly close below the 1604 ish level, then advise to become defensive. Updated charts below:

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would watch the target above, very closely, along w/ the NASDAQ weakness in the coming days/weeks.

NASDAQ – heads up, big target hit UPDATE – Island Reversal Present on Daily

03/20/2018 – heads up, sure looks like an island reversal present on the NASDAQ monthly.

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not only do we have the 1.618 extension from 2000-2002 being hit but we also have a 1.27 AB=CD from the all time low and a 3.618 WX=YZ all being hit today. this ‘should’ be pretty significant resistance.

a word to the wise is sufficient …

Bart