Before the Powell bromides and pandering reassurances begins, here are a few important ETFs and some words captioned in each:
Long-term, commodities look ready to turn lower (note recent horizontal resistance)The “diamonds” broke their intermediate term trendline; as long as it doesn’t push above its horizontal, this is bearishly configuredThe European MSCI shares have likewise broken their intermediate trendline anchored to March 23Brazil shares are getting very close to major resistance where the price gap is locatedHome construction is still uptrending smoothlyAs bad a shape as retail seems to be in, the retail ETF has shattered its descending trendlineProbably the most bearish of all of these charts is this one, which has an exceptionally-clean horizontal that has been tested before
