We have begun the rotation into the commodity cycle and ending the equity cycle. The unwind in equities will be apparent into this coming year. I will post a crude oil chart today also that is clearly demonstrating a similar set up. It's not the best time to get in as the current high in gold will see some short term consolidation as the chart shows. In the meantime I do expect equities to make a new high... for example I see AAPL reaching the 185 to 190 range in the short term.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.