Crypto Market Cap, BTC/USD, ETH/USD, USDT/USD, XRP/USD, Bitcoin
EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CAD, USD/CHF
Apple, Advanced Micro Devices Inc, Amazon Com Inc, TESLA INC, NETFLIX INC, Facebook Inc
S&P 500, Nasdaq 100, Dow 30, Russell 2000, U.S. Dollar Index, Bitcoin Index
Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Yeah, it'll be different this time.
Gold is stalling out.
Ascending wedge breaking down.
Is the silver submarine about to dive?
At hardcore resistance.
Currently looks like a breakdown and backtest. Watching for success/fail.
Oh it's comin'...
From a purely technical standpoint, the 2 month chart is reflecting that this interim top is in and a significant long-term decline is in the offing.
This is a study. Compare and contrast the two major events. History is your friend.
The 2 hr. silver depicts breakdown with the 50, 100 and 200 day simple moving averages beginning to rotate and roll over. Longer timeframes are reflecting similarly.
The NG 4 hr. chart is sporting a major squeeze set-up. Should play out shortly.
Chart reflects a symmetrical triangle reversal pattern. Long-term general outlook - natural gas up, gold down.
Bear in mind that this is subjective. The chart is an attempt to identify a peak/trough cycle and highlight where price is currently.
Crude oil (CL) is in a 15 year old declining wedge / pennant approaching top trend. Will it break out above this time or make another trip down to bottom trend first?
From a purely technical perspective, a lot of similarities leading up to the 1929 crash.
The S&P 500 is at a major, major inflection point.
Rinse and repeat. This will be chart 1 of 4 or 5. Lots of technical dynamics in play. I will post the other "layers" shortly.
Lower indicators suggest major top late August / early September with price weakening ensuing.