The Trump trade is getting imposed across asset markets into the election and one can see the low probability/high impact ending expanding diagonal pattern (blow off). Normal for commodities and inflationary regimes
Yields are likely in early stages of significant multi-month retrace lower into summer 2024
Most likely a multi-month topping process has begun. Standard mode is usually 2 drives up into important confluence of FIB extension on many different levels. Due to elections/liquidity effect, this could extend into a blow off to 6100. But needs confirmation above the standard levels
Silver is likely in a multi-year bull with much higher levels to come. Correction are very deep and volatile though
Apple is the largest and most important stock in the market. It does appear with limited short term downside
The 2nd and stronger wave of inflation should start in summer 2024
This should have profound implications if correct. On the upside, upper bound at 5.75% on the downside 2.5%
Topping phase has begun at the exact level it was expected to start
This seems rather logical and most likely the final run higher before what looks like multi year reversal
After this corrective period that started in late March, it is likely we should see a final leg higher before a more significant decline
Should be a good decade for DAX after the likely breakout of this multi year range
Critical time ahead if there is to be a pullback. Likely Fed triggers final push before a potential reversal
17 yr cycle coming up late this year and usually declines are pretty strong
I smell a blow off top into late Sep/early Oct before US elections
GBP is the ultimate risk on currency so it could be foreshadowing the soft SPX scenario into summer
So this is the highest vol commodity so could make a quick 50-70% like that
Still potential for significant decline into year end this most likely implies ETHUSD to 1100 also