SLV due for a nice bounce
DXY just got out of Bollinger bands for 86 target
Failed H&S pattern breakdown means the H&S WILL materialize itself in the near future bringing possibly 1.13. No more correction!!!
Based on this pattern triggering on a move over ~21.60 you could expect a measured move to ~22 before hitting resistance. The timing of this breakout seems to be coinciding with market topping action which further strengthens the likelihood of this chart having predictive utility. This chart taken together with today's breakout in Treasuries (TLT) and over 30%...
If you trust the chart (chart does not lie), GLD is the way to go! I know this defies common sense and logic.