If the NDX breaks down below this key trendline, the the stock market bubble is likely popping and perhaps we see a decade+ of depression. Otherwise, this is a normal backtest and we may see a few more months or even YEARS (yes years) of bull market as fed re-inflates financial markets and devalues USD.
This has to be one of the most amazing crypto charts I have ever come across - it's the ETHE premium over ETH... it's transgressed across a 27% low to high of a staggering 2,015% ... insane. And it's in free fall - just dead cat bounced of a recent low of 34% and now sitting at ~50%... it almost makes more sense to trade this during market hours than regular ETH...
to key 50 or 200 day (red) MA on daily as well as 5 EMAs on higher time frames
I could see one more thrust up and a break of the trendline down - but if it just goes up from here then all bets off, there will be no typical pullback after a monster ~300% move up. This case was 380% since march lows.
Shorts are leaving the arena, and FOMO has set in. Last 400+% move up yielded at 65% pullback. This time a similar move up may yield a similar move back given the market is torn on how to value such a company. At a minimum a 35% pullback is in store soon... especially given the bearish divergences, but it may take a while for that move and another leg up could...
SILVER FUTURES Are at major resistance - can it break out? There is the light blue disjointed channel from 1981 as well as well as the recent green bull flag channel.
This is my speculative scenarios for two parabolic advancements of silver back to top of macro channel in coming 3-10 years
Pay close attention to center plot bottom white ROC which is the fed injecitons WEEKLY FED INJECTION RATE OF CHANGE. Once this inflow stops, the party is over until the fed increases injections of liquidity. The party can never stop?
key two trendline rejections combined with weekly 9 sell last week on TDSA... could see next move to retest 9k support on monthly and then see how strong of a bounce we get. If rejected by 38.2/50/61.8% fibs from move down then the party is likely over.