I am probably going to be seeing bearish US stock charts in my sleep tonight because a ton of them are breaking ugly on daily charts. The market will have its bounces, but a lot of this stuff looks gross. For the first time in a long while we are now charting more short than long setups.
Going the other way, the gold mining sector is breaking pretty (in some of its individual stock charts but mostly in its macro/sector fundamental charts. Of course, there will be volatility and the technicals are not yet repaired, but after a loud week on the macro, this sector emerges as a key one.
The screenshot adds a bit more detail and the full report was the most interesting one (for me, anyway) I’ve written in a while. Tings… dey be in motion. I don’t think it’s going to be a typically dead summer.
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