$COPX - Global X Copper Miners ETF continues to show relative strength. The ( RSI ) Relative Strength Index has reversed this week to maintain above 50. The volume has also increased since the beginning of the year. Using Fibonacci Retracement Levels, the current Relative uptrend used the 50% Retracement Level as a support and reversal level.
RSI ( Relative Strength Index ) Positive & Bullish Divergence from the beginning of November 2022 continues to be in play. Sentinel One ( $S ) is continuing to see upward price action doing into earnings which are in about two weeks.
Downward Trend should continue for the short term. Rebalancing takes affect on December 19, 2022. RSI has remained below 50 as well.
Silver making a break out of a base relative to Gold
Gold uptrend is continuing relative to Silver. Solar PV Cell Production relies on Silver. Industrial usage should grow. v
Small-Caps outperformance of Large Caps is one of the requirements of a true market bottom (on a relative basis). This favors growth over value. Small Caps > Large Caps
Bullish ADX going forward. Advancers outnumber the decliners signifying Bullish momentum.
20 Day Moving Average (20 MA) acting as Support on the Weekly Chart.
Strong RSI in a Continued Uptrend; 67-68 Level Support area; BINANCE:AVAXUSD
Continued Uptrend breakout out of a Symmetrical Triangle; RSI continuing to remain above 50; BINANCE:ALGOUSD
RSI is above the 50 line. MACD is in Bullish Divergence. Moving average Line is above the Signal Line. Current price action is breaking through short-term resistance and making way to mid-term resistance. (BULLISH)