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Technical Analysis with Mike Arnold: Gold, Bitcoin and the Shifting Landscape

Technical Analysis with Mike Arnold: Gold, Bitcoin and the Shifting Landscape

Published 1 year, 11 months ago
Description

Podcast hosts (⁠⁠@jimiuorio⁠⁠) and Bob Iaccino (⁠⁠@Bob_Iaccino⁠⁠) are joined in their monthly technical analysis discussion with Michael Arnold (@mgarnold) of Path Trading Partners. The focus centers on the current state of the stock market, honing in on recent developments in the S&P and the narrowing leadership dynamics within tech giants such as Apple, Google, and Microsoft. The conversation revolves around critical technical levels, potential multi-leg pullbacks, and the vital importance of monitoring key support and resistance points. Harmonic patterns, moving averages, and insights into popular stocks like Tesla, Nvidia, Amazon, and Meta are explored. The discussion underscores the changing dynamics of the stock market, emphasizing the significance of secondary reactions and their potential influence on future market trends. They analyze a notable shift towards precious metals, particularly gold, providing an in-depth analysis of the metal's recent price movements while highlighting crucial support levels and potential targets. Bitcoin's recent performance takes center stage in the conversation, with a thorough examination of critical levels, targets, and potential consolidation patterns. They look into recent price actions of crude oil, OPEC Plus meetings, and the prospects of a bullish breakout in the energy sector. The episode concludes with a comprehensive technical analysis of Lyft's stock, scrutinizing charts and deliberating potential breakout levels. 

This episode is sponsored by Mint Mobile. 

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Produced by ⁠⁠⁠Haynow Media

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