Here are a few thoughts about six futures charts, found in the captions. As always, clicking a chart makes it bigger.
The trendline failure is a big deal. Next key support is the Fibonacci.Gold has moved a thousand dollars in a year. I think a “wave 4” retracement is in the cards.The long-term cycle is still intact, suggesting higher prices long-term.French equities are at the cusp of a major downturn.The /NQ hasn’t had the dramatic trendline failure that the /ES has, but there’s damage.Bonds are a wreck. It doesn’t matter what Powell does on Thursday. Rates are going up.
