The broad market is showing increasing signs that we are at risk for a major correction. Multi-timeframe momentum and volume flow divergences, throw over of a long megaphone has re-entered the pattern. Long term fibonacci retracements and projections are forming tight clusters, fibonacci time projections from prior uptrends also presenting windows for a major...
Copper is likely to hit $6 by this time next year. These fib levels couldn't line up more perfectly.
The S&P is trying to hold support on a minor trendline inside of a wider megaphone pattern. Momentum is negative yet a little lazy, could be a simple reset for another shot at the megaphone top, or the start of something more corrective down to the 4000 level. This is big decision point.
Boeing momentum indicators are turning up, with tailwinds for business as travel gets moving.
$3,000 in 3 years.
Since the top in 2006 gold has outperformed the broad equity market, and it is poised to continue that outperformance.
Silver has established a new uptrend on momentum basis, a large gain lies ahead by the fall.
Ethereum is on a parabolic trajectory long term, but it is getting a little far ahead of that trajectory recently. A final push up to 3600 is possible, even likely, before a dip back down to 3000 or just under. That would make for a fantastic buying opportunity. The curve suggests a minimum of 4000 to start July, with increasing price expectancy until the parabola breaks.
Very strong earnings, double the estimates. Less than a $0.50 from all-time high at time of publishing. Breakout is eminent.
Bitcoin is breaking all momentum measures, the recent rally was a bull trap. 38k - 42k is likely in the next few weeks.
Silver is poised to revisit the highs between $29/oz and $30/oz, likely within the next month, and continue higher to $40 sometime in the fall.
Lumber is getting a little long in the tooth, but I wouldn't short it. Very tight fib projection cluster here at 1600, and this up leg is getting longer in duration than the last one. Due for a correction and another buying point.