Eye_of_the_Tiger

Eye_of_the_Tiger

VIX to 30 and thence to 50? Conducive setup.

Eye_of_the_Tiger

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...

Eye_of_the_Tiger

Copper is likely to hit $6 by this time next year. These fib levels couldn't line up more perfectly.

Eye_of_the_Tiger

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.

Eye_of_the_Tiger

Boeing momentum indicators are turning up, with tailwinds for business as travel gets moving.

Eye_of_the_Tiger

$3,000 in 3 years.

Eye_of_the_Tiger

Since the top in 2006 gold has outperformed the broad equity market, and it is poised to continue that outperformance.

Eye_of_the_Tiger

Silver has established a new uptrend on momentum basis, a large gain lies ahead by the fall.

Eye_of_the_Tiger

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.

Eye_of_the_Tiger

Very strong earnings, double the estimates. Less than a $0.50 from all-time high at time of publishing. Breakout is eminent.

Eye_of_the_Tiger

Bitcoin is breaking all momentum measures, the recent rally was a bull trap. 38k - 42k is likely in the next few weeks.

Eye_of_the_Tiger

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.

Eye_of_the_Tiger

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.