Technical Forecast: Bitcoin's Potential Rally and S&P 500's Hangman Signal

Recorded on Feb 21, 2024, 

Jeremy Szafron, Anchor at Kitco News, interviews Gary Wagner, Editor of thegoldforecast.com. Wagner dissects the S&P 500's surge past 5000, highlighting the technical signs pointing to potential market adjustments. He then talks about cryptocurrency volatility, specifically Bitcoin and Ethereum, offering predictions based on technical analysis and patterns.

 Wagner also evaluates gold's position as a stable investment in the current economic climate, analyzing indicators for future price movements. 

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00:00 - Introduction & The Magnificent Seven 

00:55 - S&P 500: Record Highs and Technical Analysis 

02:20 - Candlestick Patterns and Market Corrections 

04:15 - Fibonacci Retracements and S&P 500's Future 

06:11 - Impact of Tech Giants on Market Volatility 

09:01 - Bitcoin and Ethereum: Technical Trends 

13:18 - Ethereum's Market Position and Predictions 

16:13 - Gold's Response to Economic Indicators 

21:19 - Market Reactions to Federal Reserve Announcements 

Editor’s Note: first I want to thank all of our subscribers for their patience and understanding as last week I entered the hospital for a minor foot infection on one of my toes. I returned on Monday and over the last couple of days have done interviews with both David Linn of The David Linn Report which was followed by an interview yesterday with Kitco News (which will begin a weekly series or reboot of a series I did with them years ago called the Chart This).

I will send both interviews out today on separate pages, they are informative and contain my latest chart work, please enjoy these interviews.