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Mike Paulenoff

How Will US Dollar & Other Markets React To Trump's Virtual Davos Address?

Thu Jan 23rd 2025
Good Thursday Morning, MPTraders! January 23, 2025-- Pre-Market Update: The highlight of today's session will be President Trump's 11 AM ET virtual address to many of his closest "friends" at Davos, Switzerland, and the QA session with European executives afterward. I think we should expect Trump to pound the table about recognizable America First themes designed to strike fear into America's adversaries and competitors alike: America will no longer be ripped off by other nations on trade and defense...America will become the predominant energy provider to Europe, supplanting Russia...

Much Better - Market Analysis for Jan 22nd, 2025

Wed Jan 22nd 2025
Well, the continuation higher this week has certainly made the GDX and GLD charts a much better leading diagonal structure.  So, the probability that their lows are in place have certainly increased.To make this update very simple, we are now seeking a 3-wave corrective structure in a pullback to make it an even greater probability that we are ready to rally again over the coming weeks and months.Yet, silver is still leaving the door open for a potential lower low.

Parameters Remain In Place As The Market Trades In A Tight Range

Thu Jan 23rd 2025
There is very little to update today as the market saw a very tight range today and is trading only slightly higher then the levels that we saw yesterday. As I noted yesterday all of the paths that were laid out previously remain intact. I do still think that with this continued push higher it is increasing the odds that we may indeed be following the yellow count but the next pullback is going to remain key to help give us additional information as to whether this is indeed the case.

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