FibLines

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#Silver has now fallen through LT rising trend line support, LT falling trend line support, and strong horizontal support (13.63). We may see a relief bounce, but price seems destined for a retest of the 2008 low @ 8.40 😬 $SLV $SI_F

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The technical story in #silver: Full backtest of breakout from 2016 falling trend line. Last gasp for bulls. 200WMA broken. Break here targets 14.20 & likely retest of 2015 low @ 13.62. If that fails, could see 8 handle. Good luck getting physical in that scenario. $SLV $SIL

FibLines

#Gold is now retesting the rising trend line from the Aug '18 low. A break here would target the major horizontal breakout area ~$1530-$1540. That will be the last gasp to preserve a bullish regime. Below that level could send gold down towards a 1370 retest. #GLD #GDX $GDXJ

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This is the broader rising channel in the S&P500. The rising trend line from 2015 and 2018 could be tested here soon. Key level ~2600-2650 $SPY $ES_F $GLD $SLV $TLT

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Anyone who's followed me for more than a year knows I've been calling for 158-160 on $TLT from the mid 120s. With last week's spike, we have now hit the upper bound of the long term channel (5th time) and the 161.8 Fib extension. This would be a logical area to pull back #bonds

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I'm watching #silver closely here for a break above $18.90. That break of horizontal resistance should precipitate a swift move to 19.75 before higher. $SLV $SIL $SI_F

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$GDXJ Gold Junior Miners finally breaking out of resistance above $43. Next stop $52. $GDX $GLD #gold

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Extremely significant long term breakout for $NEM Newmont #Gold. This setup is looking poised for a run to $58

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US #Dollar looks destined for a test of long term falling resistance at 100 and a push to rising channel resistance that began in 2018. It's reaction at that level will likely determine the longer term narrative. $USD $DXY

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#Gold still looks strong to me. Price remains in early stages of 5th wave higher. Rising channel from the Aug '18 low remains in tact. Key levels I'm watching are 1540 to downside, which would test rising support & 1590 to upside. Break should kickstart next leg higher $GLD $GDX

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#Bitcoin This move looks very real. We pushed through overhead supply at 10k after ripping through the 38.2 Fib . Next stop is the summer '19 high at the 61.8 Fib ~$13,500. I don't see much standing in the way technically for a swift move to that level. #crypto $BTC $BTCUSD

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Crude #oil. Does it hold or does it break? I wouldn't trade oil futures going into weekend but cheap $USO calls offer some decent RR. $CL_F $WTI

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#FAANG . . Breakout and perfect retest of ATHs. Key outside reversal week on massive green candle if price holds up for he next few hours. $FB $AMZ $AAPL $NFLX $GOOGL

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The #RealEstate sector is looking very strong. If you're bullish bonds, keep a close eye on the MBS ETF, which has broken out & is a fairly good proxy for mortgage rates (rising bond, falling rates). I don't see a lot of people talking about this. Great for homebuyers $MBB

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The 17.45 area in #Silver has been a key area of support/resistance since early 2018. Price is now approaching falling support of the bull flag that started in early Jan. Price should find support here. If this area doesn't hold it could be a quick drop to ~16.90. $SLV $SIL $SI_F

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#bitcoin broke out of its falling channel from last summer's peak, successfully retested, and now pushing higher. If price is going to make a push above the $10k level, this would be a logical starting point. Bulls need this to hold. $BTC #crypto

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The gap down in the S&P this evening has price flirting with the rising trend line from October. There is support in this region. On a break I would target 3170 or potentially a full backtest to 3030. These are the key levels I'm watching. $SPY $ES_F

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#Gold gap up above horizontal resistance, nice cup and handle formation. Well defined RR on an entry here, can set a tight stop just below the gap. $GC_F $GLD $GDX $GDXJ