Our Live Trading Rooms Bring Together Thousands of Traders from Around the World!
Good Wednesday Morning, MPTraders! September 16, 2026-- Pre-Market Update: This day has finally arrived! Fed Time!Let's take a look at some Big Picture Set-Ups to see if we can arrive at a directional reaction to whatever the Warsh Fed does and says between 2 PM and 3:30 PM ET today:Weekly 10-Year YIELD argues for upside continuation-- not necessarily immediately-- to 5.25%-5.50% before pivoting to the downside into a major correction. If that proves to be the case, then will upside continuation from 5% to 5.
I have taken a hiatus from my series on Coinbase (COIN), which started with expectations of a major top in 2025, through the current correction. Since my last article in May, COIN has chopped around in a range between just below $140 and just over $220. That range has lasted just over seven months. Finally, I see something worth talking about. In that article, I asked the question of whether COIN was more likely to drop below $100 or briefly take flight to over $200. We finally have an early indication of an answer — that COIN wants to take the upward route.
While I really cannot glean much from the gold chart as it is too much of a mess to be reliable, both GDX and silver are saying that as long as we are below 68 in silver and below 98.35 in GDX, it may be advisable to take a more protective stance, as the potential for lower lows has grown. Should we see something different, I will alert you.
Our Technical Analysts Share Their Expertise 24/7 on a Vast Range of Markets!
