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Mike Paulenoff

BX (Blackstone Inc) Follows a Weaker-Than-Expected and "Disappointing" Price Path Ahead of This Week's Tariff Deadline

Sun Mar 30th 2025
At the beginning of last week, fellow members Rayray and GordonGekko asked for my technical setup work on BX (Blackstone Inc). This is what we discussed on the morning of March 25, 2025:My attached Daily Chart shows the November 2024 to mid-March 2025 correction (-32%) followed by the recovery rally from 135.60 to 153.18. My pattern and momentum work argue that this upmove is NOT the initiation of a new upleg in BX's longer-term bull trend but instead is an intervening rally that will separate the Nov-Mar corrective decline from a second corrective downmove that will emerge after the current recovery rally runs its course.

Anticipating The Rally In Gold

Fri Mar 28th 2025
Our most recent daily setup in the June Gold Futures (GC) contract emerged from a symmetry support decision in the 3023.20-3030.90 zone.  The pullback zone was tested and held on 3/21.  The actual low was made at 3031.20, which was just slightly above the price cluster zone.  It was close enough to consider a buy entry.  Once the lower time frame charts triggered with the 8/34 ema moving average crossover, we had reason to enter the long side and define our max risk below the 3031.20 low OR below the 3023.20, which was the low end of the cluster zone.

The Purple Path - Market Analysis for Apr 1st, 2025

Tue Apr 1st 2025
As it stands right now, we have a break-out over the 5615SPX resistance, but the market is now pulling back from that move.  The initial move through that resistance makes an immediate lower low a lesser likely probability at this time, which now brings forward the purple count to a higher probability.The question now the market will resolve is how the 1-2 structure in the purple count should be completed.  And, there are two potentials I have placed on the 60-minute ES chart which are both quite reasonable, although I like this current pullback for the bigger wave 2.

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