USERX and XGD.AX chart

 USERX

XGD.AX

USERX and XGD.AX charts

 Sorry for not publishing charts and comments for the last 48h, I didn't have the access to my computer. Tomorrow I will resume comments.

USERX

XGD.AX

USERX and XGD.AX chart

 USERX

XGD.AX

The State Of Indices

 SandP, on 35-39 BUY, onpath, notxxed(true), 24 days, -4.78% (also, 16-20 breaking to SELL; 35-39 to NOT SELL 4363.62/+1.57% or higher; 92-96 on SELL; 218-222 on BUY; current $4296)

*comment: The chart is in a bearish configuration. The 16-20 bought, as expected, and now we can say it definitely didn't mark the low. $4350 is breached to the downside again and in my opinion, the test of the 218-222 support is now inevitable. If the 218-222 breaks down either it will mark the low, as it did every time it was touched since it bought, in May 2020 or it will mark the breakdown with an immediate target at $3804 and then at $3660. $4114 is the February low so it better not be violated. Do or die time. p.s. Watch the 10y yield, if it is steady or falling while the $4114 is being tested most probably there will be the bottom at that level again. If the yield is sharply rising over 3% a breakdown is in progress. NEW: Very interesting action today! The price gapped down and fell down to $4200, bellow all 218-222 back prices, and then reversed and closed above all of them and positive for the day. Combined with the 10Y yield falling at the same time it seems to me like the price action indicates an attempt to put in a low. It is too early to know but now we have more parameters to watch for the potential breakdown. If in the next few days the price closes below today's low ($4200) the 218-222 will sell and I'd say we go down quickly from there. See the targets above.

HUI, on 92-96 BUY (double BUY with 35-39), onpath, xxed, 69 days, +14.84% (also, 16-20 crossed to BUY; 35-39 breaking to SELL; 92-96 on BUY; 218-222 crossed to SELL; current $288.95)
*comment: The HUI broke free, the chart is bullish. The SKI bullish structure is developing nicely. The short term support has been violated but the 16-20 is most probably buying on Monday to keep from further sinking. Also, the 35-39 support is in close vicinity for more help. If we have peaked medium-term and for the purpose of maintaining the bullish structure the most important thing now is to put a higher low in place. The price of the low doesn't matter so much but anything above $280 will do. Even a lower price is ok (up to $260) if just temporary. The time frame for the bottom is between one and two months, so from mid-May till mid-June. This is all under the condition that we have peaked, if not the upside target is still $350. NEW: Simultaneous signals were generated today 16-20buy/218-222sell. This might mark the low especially because the price dipped down to 282.13 intraday, which is close to 50% Fibo, and then reversed. It'll take a few days to buy back the 218-222 to confirm if the bottom is in. If the 35-39 sells I expect a sideways move to develop and last for a few weeks.

Nasdaq, on 16-20 BUY, onpath, xxed, 6 days, -2.46% (also, 16-20 on BUY; 35-39 breaking to BUY; 92-96 on SELL; 218-222 breaking to BUY; current $13004)
*comment: The chart is in a bearish configuration. The 35-39 sell made the chart short term bearish again. To turn the chart bullish $16000 needs to be cleared and then held long enough for a buy-sell of 92-96. If the 35-39 buys back quickly that will turn short term configuration bullish with a possibility to attack that $16K target. The bearish scenario is the 35-39 doesn't buy back and the price drops to $12500ish and tests/exceeds the previous low. I think the chances are 50:50 between these two scenarios until the last week of Apr. If the 35-39 doesn't buy back in this period the bullish scenario goes out of the picture very quickly. So, it is a do or die time for the tech sector. NEW: We are in the last week of April and the price action followed the second scenario from above, it is dangerously close to $12555. This is the last line of support and if it breaks the first target is $12023 but ultimately $11004-11404.

Russell, last signal 35-39 SELL, 2 days, +0.7% (also, 16-20 on BUY; 35-39 breaking to BUY; 92-96 on SELL; 218-222 on SELL; current $1954)
*comment: Russell is in a bearish configuration and an attempt to break into the old trading range $2100-2300 was rejected. On the other hand, the 35-39 sell has cleared all xxing and a new 35-39 buy would be clearly short term bullish with an implication that a rally to $2300 is possible. To become bullish again, longer-term, it needs to go above $2300. The most probable scenario for me is still a test of the bottom of the recent range at $1900. This bottom must hold in order to prevent a serious leg down that could take us quickly all the way to $1650. NEW: The 35-39 buy was instantly sold. That is not bullish but the price is still above $1894 (it dipped to $1908 today and then reversed). Let's see if it can hold.

10Y yield, on 92-96 BUY onpath, notxxed(true), juxtaposed, 113 days, +81.15% (also, 16-20 on SELL; 35-39 on BUY; 92-96 on BUY; 218-222 on BUY; current 2.83%)
*comment: 10Y yield is in a true bull market. The yield reached the 3% level briefly and then retraced. Rising over 3% seems almost inevitable but I expect it to consolidate or retrace very soon. The short term support is at 2.5-2.6%. The consolidation should temporarily relieve the pressure on the broad markets. NEW: The broad markets reversed intraday today and the yield fell. We will see if this can be the top for yields or just a pause before the 16-20 is hit and the rally resumes. This is the most important chart to follow at the moment.

XAU, on 92-96 BUY, true BUY, onpath, notxxed, 56 days, +17.46% (also, 16-20 crossed to BUY; 35-39 breaking to SELL; 92-96 on BUY; 218-222 SELL executed today; current $145.8)
*comment: the XAU is on a true bull signal. The short term support has been violated but the 16-20 bought today with the potential to mark a low. Also, the 35-39 support is in the close vicinity for more help. If we have peaked medium-term (218-222 buy signal has quickly sold) and for the purpose of maintaining the bullish structure the most important thing now is to put in a higher low in place. The price of the low doesn't matter so much but anything above $140 will do. Even a lower price is ok (up to $136) if just temporary. The time frame for the bottom is between one and two months, from mid-May till mid-June. This is all under the condition that we have peaked, if not the upside target is still $196. NEW: Price hit the 50% Fibo intraday and reversed. This should mark a short term low. The 218-222 will buy back soon if the plunge has finished. I expect sideways for a while.

ASA, 35-39 crossed to SELL (also, 16-20 on BUY; 35-39 crossed to SELL>> to BUY 23.31/+12.72% or higher; 92-96 on BUY; 218-222 on SELL; current $20.68)

Bitcoin, 35-39 SELL executed today (also, 16-20 on BUY; 35-39 breaking to BUY; 92-96 to BUY 40680/+1.19% or higher; 218-222 on SELL; current $40201)
*comment: The $34-36K area survived the test and the new 35-39 buy signal led to the testing of the upper resistance at $48K. The $48K (92-96 index) rejected the rise that could have led to a new bull market. After the simultaneous 16-20 and 35-39 buy a possible rise above $45K would generate a 92-96 buy to complete a powerful triple buy, similar to the gold sector. Only the continuation of the crash down below $35K will prevent this bullish scenario to realise. This is a very interesting situation and it does aline with the 'do or die' setup in Nasdaq. I am on the verge of pulling the trigger here but I will wait for the signal. NEW: The 35-39 sold so there is no triple buy set up anymore but it has been replaced with the 92-96 true buy possibility in the next few days.

COPX Copper miners, 35-39 crossed to SELL (also, 16-20 BUY executed today; 35-39 to BUY 44.88/+11.56% or higher; 92-96 on BUY; 218-222 on BUY; current $40.23)
*comment: COPX broke out of the $38 level. The 16-20 buy today combined with the 35-39 sell should be providing support here. $40 should hold for the bullish case to stay strong.

GDX, on 92-96 BUY (double BUY with 35-39), onpath, xxed, 53 days, +12.7% (also, 16-20 crossed to BUY; 35-39 breaking to SELL; 92-96 on BUY; 218-222 crossed to SELL; current $35.67)
*comment: GDX is on a strong double buy signal. 92-96 is in command. The short term support has been violated but the 16-20 bought today at the same time when 218-222 sold, usually a sign of some kind of a bottom. Also, the 50% Fibo retracement was hit today before the intraday reversal. If we have peaked medium-term and for the purpose of maintaining the bullish structure, the most important thing now is to put a higher low in place. The price of the low doesn't matter so much but anything above $34 will do. Even a lower price is ok (up to $33) if just temporary. The time frame for the bottom is between one and two months, so from mid-May till mid-June. This is all under the condition that we have peaked, if not the upside target is still at $45ish.

GDXJ, on 92-96 BUY, onpath, notxxed(true), 14 days, -5.8% (also, 16-20 crossed to BUY; 35-39 breaking to SELL; 92-96 on BUY; 218-222 on SELL; current $43.89)
*comment: The 92-96 bought for a true bull market. The SKI indices have lined up in bullish order. The short term support has been violated but the 16-20 bought for some support. Also, the 35-39 support is in the close vicinity for more help. If we have peaked medium-term and for the purpose of maintaining the bullish structure the most important thing now is to put a higher low in place. The price of the low doesn't matter so much but anything above $43 will do. Even a lower price is ok but it would be suspicious because it would go under 200 days SMA so it should be very brief. The time frame for the bottom is between one and two months, so from mid-May till mid-June.

GLD, on 92-96 BUY onpath, xxed, 84 days, +4.78% (also, 16-20 crossed to BUY>> to SELL 180.58/+1.99% or higher; 35-39 to NOT SELL 180.8/+2.12% or higher; 92-96 on BUY; 218-222 breaking to SELL; current $177.05)
*comment: GLD chart is in a bullish configuration. Currently, the price is in an ascending triangle which should resolve to the upside by the last week of May 2022. The triangle resistance is at $185. The trend support is between $175-178 and is rising (we closed right in the middle of this range today).

SLV, on 92-96 BUY, onpath, notxxed(true), 10 days, -5.7% (also, 16-20 breaking to SELL; 35-39 crossed to SELL; 92-96 on BUY; 218-222 on SELL; current $21.83)
*comment: SLV bought back the 92-96 index for its true bull market. The SKI structure is appropriate. I am very bullish here, the immediate target at $25.5 and then $27ish. The 16-20 has been bought and this support is buyable. If it is not able to hold the next support is at $21.5ish maybe even lower but it is all good as long as the 92-96 is holding.

TIP, last signal 35-39 SELL, 14 days, -0.64% (also, 16-20 on BUY; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL, current $121.33)
*comment: TIPs are in a bearish configuration. The 35-39 sold again and the price target at the $120 has been achieved therefore some consolidation until touch/ break of 16-20, around $123ish, is probable.

TLT, on 16-20 BUY, onpath, notxxed(true), 33 days,
-11.16% (also, 16-20 on BUY; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $121.19)
*comment: TLT is in a bearish configuration. The price has touched the lower boundary of the trend channel so we can expect a short term rally to touch the 16-20 at around $128-130. If the crash continues an immediate market crash becomes more probable.

UCO, on 92-96 BUY, onpath, xxed, 94 days, +98.19% (also, 16-20 to SELL 157.05/+1.75% or higher; 35-39 breaking to SELL, 92-96 on BUY; 218-222 on BUY; current $154.35)
*comment: UCO rally continues. A bullish triangle has been developing since the top in March 2022. The current breakout level is $180ish, and the support is $150ish. I expect the triangle to be broken to the upside signalling the start of a new leg up. The timeframe is mid-May 2022. Technically there is no serious resistance before $300.

URA, on 35-39 BUY, onpath, notxxed(true), 33 days, -8.56% (also, 16-20 crossed to BUY; 35-39 breaking to SELL; 92-96 to NOT SELL 24.72/+3.82% or higher; 218-222 on BUY; current $23.81)
*comment: The execution of a true buy 35-39 signal marked a breakout and acceleration. The next target is $30ish but the 92-95 index must be overcome first so I am expecting some range trading between $23.5-26.5 first. NEW: Consolidation seems over, the 92-96 buy signal has been generated. The buy signal didn't mark the top, a strong rally to $30 and above is likely to take place. Short term trend support is around $27 and it was hit today. Longer-term support is at $24. NEW: The price is moving toward the long term support ($24). If the 92-96 quickly sells and rebuys without selling the 35-39 a new bull market will be born.

USERX, on 92-96 BUY, onpath, notxxed(true), juxtaposed; 15 days, -7.33%, run pattern in-progress 1U/3D/
-3.33%perday, xxing=on_off_off (also, 16-20 crossed to BUY>>to SELL 13.33/+8.73% or higher; 35-39 breaking to SELL; 92-96 on BUY; 218-222 on SELL, current $12.26)
*comment: The 92-96 bought for the start of a true bull market. The short term support has been violated but the 16-20 bough for a short term support. Also, the 35-39 support is in the close vicinity for more help. If we have peaked medium-term and for the purpose of maintaining the bullish structure the most important thing now is to put a higher low in place. The price of the low doesn't matter so much but anything above $12 will do. Even a lower price is ok (up to $11.5-11.75) if just temporary. The time frame for the bottom is between one and two months, so from mid-May till mid-June. This is all under the condition that we have peaked, if not the upside target is still $14.-14.5.

UUP, on 92-96 true BUY, 172 days, +8.07% (also, 16-20 on SELL; 35-39 on BUY; 92-96 on BUY; 218-222 on BUY; current $27.18)
*comment: The UUP is in the true bull configuration. The recent top has been exceeded so that's that. The price is now approaching the $27.19 level which is the most important for this UUP chart. That level marked the 2008 high during the GFC and it has been a concrete wall for the price appreciation except for a few days during the initial panic of the Covid crisis. If this level can be taken out the dollar will go ballistic with the UUP target at $33.52. current support is $26.4ish. NEW: Today's close is 27.18! This either is the top or the dollar will explode higher.

Australian XGD, on 92-96 BUY, onpath, xxed, 49 days, +22.01% (also, 16-20 on SELL; 35-39 on BUY; 92-96 on BUY; 218-222 on BUY; current $7313)
*comment: The XGD finally broke $7400. The 218-222 bought and I think that confirms the breakout. The next stop is $8000, then 9000+ but we might see the consolidation first. The trend support is around $7000, then $6500ish. NEW: As expected the consolidation started, and the price is falling back towards the support. The $7000, supported by the 16-20 index, should hold at least during this first wave down. If we have peaked medium-term the higher low should be put in during the next month or two and it should be above $6500.

USERX and XGD.AX chart

 USERX

XGD.AX

The State Of Indices 23/4/2022

 SandP, on 35-39 BUY, onpath, notxxed(true), 23 days, -5.32% (also, 16-20 breaking to SELL; 35-39 breaking to SELL; 92-96 on SELL; 218-222 on BUY; current $4271)

*comment: The chart is in a bearish configuration. The 16-20 bought, as expected, and now we can say it definitely didn't mark the low. $4350 is breached to the downside again and in my opinion, the test of the 218-222 support is now inevitable. If the 218-222 breaks down either it will mark the low, as it did every time it was touched since it bought, in May 2020 or it will mark the breakdown with an immediate target at $3804 and then at $3660. $4114 is the February low so it better not be violated. Do or die time. p.s. Watch the 10y yield, if it is steady or falling while the $4100 is tested most probably there will be the bottom at that level again. If the yield is sharply rising over 3% a breakdown is in progress.

HUI, on 92-96 BUY (double BUY with 35-39), onpath, xxed, 68 days, +19.27% (also, 16-20 to NOT BUY 309.41/+3.1% or higher; 35-39 on BUY; 92-96 on BUY; 218-222 to NOT SELL 305.11/+1.67% or higher; current $300.11)
*comment: The HUI broke free, the chart is bullish. The SKI bullish structure is developing nicely. The short term support has been violated but the 16-20 is most probably buying on Monday to keep from further sinking. Also, the 35-39 support is in close vicinity for more help. If we have peaked medium-term and for the purpose of maintaining the bullish structure the most important thing now is to put a higher low in place. The price of the low doesn't matter so much but anything above $280 will do. Even a lower price is ok (up to $260) if just temporary. The time frame for the bottom is between one and two months, so from mid-May till mid-June. This is all under the condition that we have peaked, if not the upside target is still $350.

Nasdaq, on 16-20 BUY, onpath, xxed, 5 days, -3.7% (also, 16-20 on BUY; 35-39 breaking to BUY; 92-96 on SELL; 218-222 breaking to BUY; current $12830)
*comment: The chart is in a bearish configuration. The 35-39 sell made the chart short term bearish again. To turn the chart bullish $16000 needs to be cleared and then held long enough for a buy-sell of 92-96. If the 35-39 buys back quickly that will turn short term configuration bullish with a possibility to attack that $16K target. The bearish scenario is the 35-39 doesn't buy back and the price drops to $12500ish and tests/exceeds the previous low. I think the chances are 50:50 between these two scenarios until the last week of Apr. If the 35-39 doesn't buy back in this period the bullish scenario goes out of the picture very quickly. So, it is a do or die time for the tech sector. NEW: We are entering the last week of April and the price action followed the second scenario from above, it is dangerously close to $12555. This is the last line of support and if it breaks the first target is $12023 but ultimately $11004-11404.

Russell, 35-39 SELL executed today (also, 16-20 on BUY; 35-39 breaking to BUY; 92-96 on SELL; 218-222 on SELL; current $1940)
*comment: Russell is in a bearish configuration and an attempt to break into the old trading range $2100-2300 was rejected. On the other hand, the 35-39 sell has cleared all xxing and a new 35-39 buy would be clearly short term bullish with an implication that a rally to $2300 is possible. To become bullish again, longer-term, it needs to go above $2300. The most probable scenario for me is still a test of the bottom of the recent range at $1900. This bottom must hold in order to prevent a serious leg down that could take us quickly all the way to $1650. NEW: Yesterday's 35-39 buy has been instantly sold. That is not bullish but the price is still above $1900. Let's see if it can hold.

10Y yield, on 92-96 BUY onpath, notxxed(true), juxtaposed, 112 days, +86.28% (also, 16-20 on SELL; 35-39 on BUY; 92-96 on BUY; 218-222 on BUY; current 2.91%)
*comment: 10Y yield is in a true bull market. The yield reached the 3% level briefly and then retraced. Rising over 3% seems almost inevitable but I expect it to consolidate or retrace very soon. The short term support is at 2.5-2.6%. The consolidation should temporarily relieve the pressure on the broad markets. NEW: The broad markets have plunged for the last two days but the yield has been steady, is that the ray of hope emerging?

XAU, on 92-96 BUY, true BUY, onpath, notxxed, 55 days, +21.76% (also, 16-20 to NOT BUY 158.43 or higher; 35-39 on BUY; 92-96 on BUY; 218-222 crossed to SELL>>to BUY 162.78/+7.7% or higher; current $151.14)
*comment: the XAU is on a true bull signal. The short term support has been violated but the 16-20 is most probably buying on Monday to keep from further sinking. Also, the 35-39 support is in the close vicinity for more help. If we have peaked medium-term (218-222 buy signal has quickly sold) and for the purpose of maintaining the bullish structure the most important thing now is to put in a higher low in place. The price of the low doesn't matter so much but anything above $140 will do. Even a lower price is ok (up to $136) if just temporary. The time frame for the bottom is between one and two months, from mid-May till mid-June. This is all under the condition that we have peaked, if not the upside target is still $196.

ASA, on 35-39 BUY, true Buy, onpath, notxxed, 54 days, +5.21% (also, 16-20 breaking to SELL; 35-39 to NOT SELL 22.59/+5.51 or higher; 92-96 on BUY; 218-222 on SELL; current $21.41)

Bitcoin, on 35-39 BUY, onpath, notxxed(true), 11 days, -1.22% (also, 16-20 on BUY; 35-39 to SELL $39338; 92-96 on SELL; 218-222 on SELL; current $39638)
*comment: The $34-36K area survived the test and the new 35-39 buy signal led to the testing of the upper resistance at $48K. The $48K (92-96 index) rejected the rise that could have led to a new bull market. After the simultaneous 16-20 and 35-39 buy a possible rise above $45K would generate a 92-96 buy to complete a powerful triple buy, similar to the gold sector. Only the continuation of the crash down below $35K will prevent this bullish scenario to realise. This is a very interesting situation and it does aline with the 'do or die' setup in Nasdaq. I am on the verge of pulling the trigger here but I will wait for the signal.

COPX Copper miners, on 35-39 BUY, onpath, xxed, 79 days, +11.87% (also, 16-20 crossed to BUY; 35-39 to NOT SELL 42.61/+3.93% or higher; 92-96 on BUY; 218-222 on BUY; current $41.0)
*comment: COPX broke out of the $38 level. The 16-20 should keep providing support while the price is in process of breaking the 2021 high. The support is now at $42.5-43.5 and it was broken today but the 16-20 buy is kicking in for some support. $40 should hold for the bullish case to stay strong.

GDX, on 92-96 BUY (double BUY with 35-39), onpath, xxed, 52 days, +16.71% (also, 16-20 to NOT BUY 38.36/+3.84% or higher; 35-39 on BUY; 92-96 on BUY; 218-222 to NOT SELL 38.11/+3.17% or higher; current $36.94)
*comment: GDX is on a strong double buy signal. 92-96 is in command. The short term support has been violated but the 16-20 is most probably buying on Monday to keep from further sinking. Also, the 35-39 support is in the close vicinity for more help. If we have peaked medium-term (if 218-222 buy signal quickly sells) and for the purpose of maintaining the bullish structure, the most important thing now is to put a higher low in place. The price of the low doesn't matter so much but anything above $34 will do. Even a lower price is ok (up to $33) if just temporary. The time frame for the bottom is between one and two months, so from mid-May till mid-June. This is all under the condition that we have peaked, if not the upside target is still at $45ish.

GDXJ, on 92-96 BUY, onpath, notxxed(true), 13 days, -2.1% (also, 16-20 to NOT BUY 46.88/+2.78 or higher; 35-39 on BUY; 92-96 on BUY; 218-222 on SELL; current $45.61)
*comment: The 92-96 bought for a true bull market. The SKI indices have lined up in bullish order. The short term support has been violated but the 16-20 is most probably buying on Monday to keep from further sinking. Also, the 35-39 support is in the close vicinity for more help. If we have peaked medium-term and for the purpose of maintaining the bullish structure the most important thing now is to put a higher low in place. The price of the low doesn't matter so much but anything above $43 will do. Even a lower price is ok but it would be suspicious because it would go under 200 days SMA so it should be very brief. The time frame for the bottom is between one and two months, so from mid-May till mid-June. This is all under the condition that we have peaked, if not the upside target is still $55ish.

GLD, on 92-96 BUY onpath, xxed, 83 days, +6.7% (also, 16-20 to BUY 179.14/-0.64% or lower; 35-39 breaking to SELL; 92-96 on BUY; 218-222 on BUY; current $180.29)
*comment: GLD chart is in a bullish configuration. Currently, the price is in an ascending triangle which should resolve to the upside by the last week of May 2022. The triangle resistance is at $185. The trend support is between $175-178 and is rising.

SLV, on 92-96 BUY, onpath, notxxed(true), 9 days, -3.63% (also, 16-20 BUY executed today; 35-39 to NOT SELL $23.3/+4.44% or higher; 92-96 on BUY; 218-222 on SELL; current $22.31)
*comment: SLV bought back the 92-96 index for its true bull market. The SKI structure is appropriate. I am very bullish here, the immediate target at $25.5 and then $27ish. The 16-20 has been bought and this support is buyable. If it is not able to hold the next support is at $21.5ish maybe even lower but it is all good as long as the 92-96 is holding.

TIP, last signal 35-39 SELL, 13 days, -0.57% (also, 16-20 on BUY; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL, current $121.42)
*comment: TIPs are in a bearish configuration. The 35-39 sold again and the price target at the $120 has been achieved therefore some consolidation until touch/ break of 16-20, around $123ish, is probable.

TLT, on 16-20 BUY, onpath, notxxed(true), 32 days,
-12.04% (also, 16-20 on BUY; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $119.99)
*comment: TLT is in a bearish configuration. The price has touched the lower boundary of the trend channel so we can expect a short term rally to touch the 16-20 at around $128-130. If the crash continues an immediate market crash becomes more probable.

UCO, on 92-96 BUY, onpath, xxed, 93 days, +105.35% (also, 16-20 BUY executed today; 35-39 on BUY, 92-96 on BUY; 218-222 on BUY; current $159.93)
*comment: UCO rally continues. A bullish triangle has been developing since the top in March 2022. The current breakout level is $180ish, and the support is $150ish. I expect the triangle to be broken to the upside signalling the start of a new leg up. The timeframe is mid-May 2022. Technically there is no serious resistance before $300.

URA, on 35-39 BUY, onpath, notxxed(true), 32 days, -6.11% (also, 16-20 to NOT BUY 26.16/+6.99% or higher; 35-39 breaking to SELL; 92-96 breaking to SELL; 218-222 on BUY; current $24.45)
*comment: The execution of a true buy 35-39 signal marked a breakout and acceleration. The next target is $30ish but the 92-95 index must be overcome first so I am expecting some range trading between $23.5-26.5 first. NEW: Consolidation seems over, the 92-96 buy signal has been generated. The buy signal didn't mark the top, a strong rally to $30 and above is likely to take place. Short term trend support is around $27 and it was hit today. Longer-term support is at $24. NEW: The price is moving toward the long term support ($24). If the 92-96 quickly sells and rebuys without selling the 35-39 a new bull market will be born.

USERX, on 92-96 BUY, onpath, notxxed(true), juxtaposed; 14 days, -4.61%, run pattern in-progress 1U/2D/
-3.57%perday, xxing=on_off_off (also, 16-20 to NOT BUY 12.8/+1.43% or higher; 35-39 on BUY; 92-96 on BUY; 218-222 on SELL, current $12.62)
*comment: The 92-96 bought for the start of a true bull market. The short term support has been violated but the 16-20 is most probably buying on Monday to keep from further sinking. Also, the 35-39 support is in the close vicinity for more help. If we have peaked medium-term and for the purpose of maintaining the bullish structure the most important thing now is to put a higher low in place. The price of the low doesn't matter so much but anything above $12 will do. Even a lower price is ok (up to $11.5-11.75) if just temporary. The time frame for the bottom is between one and two months, so from mid-May till mid-June. This is all under the condition that we have peaked, if not the upside target is still $14.-14.5.

UUP, on 92-96 true BUY, 171 days, +7.55% (also, 16-20 on SELL; 35-39 on BUY; 92-96 on BUY; 218-222 on BUY; current $27.05)
*comment: The UUP is in the true bull configuration. The recent top has been exceeded so that's that. The price is now approaching the $27.19 level which is the most important for this UUP chart. That level marked the 2008 high during the GFC and it has been a concrete wall for the price appreciation except for a few days during the initial panic of the Covid crisis. If this level can be taken out the dollar will go ballistic with the UUP target at $33.52. The current support is $26.4ish

Australian XGD, on 92-96 BUY, onpath, xxed, 49 days, +22.01% (also, 16-20 on SELL; 35-39 on BUY; 92-96 on BUY; 218-222 on BUY; current $7313)
*comment: The XGD finally broke $7400. The 218-222 bought and I think that confirms the breakout. The next stop is $8000, then 9000+ but we might see the consolidation first. The trend support is around $7000, then $6500ish. NEW: As expected the consolidation started, and the price is falling back towards the support. The $7000, supported by the 16-20 index, should hold at least during this first wave down. If we have peaked medium-term the higher low should be put in during the next month or two and it should be above $6500.

USERX and XGD.AX chart

 USERX

XGD.AX

The State Of Indices 22/4/2022

SandP, on 35-39 BUY, onpath, notxxed(true), 22 days, -2.61% (also, 16-20 breaking to SELL; 35-39 on BUY; 92-96 on SELL; 218-222 on BUY; current $4393)

*comment: The chart is still in a bearish configuration but it is on a 35-39 true buy signal. If the price goes above $4704 and then holds above the $4500ish for long enough to sell-buy the 92-96, a new bull market would be triggered. I am sceptical but everything is possible. As a more probable scenario, I am looking for a retrace back to $4350 to touch/buy 16-20. Then we will see. NEW: So far so good, the 16-20 bought, as expected. In the next two weeks, we will see if the price is going to challenge the 218-222 or the 16-20 buy is going to mark the bottom. For now, the 16-20 is marking the bottom but it is too early to say. If the 218-222 is challenged and it breaks down we might witness the start of a serious crash probably down to $3660. This is still far away but this is the condition to watch. As a confirmation 10y yield should be monitored too. The 218-222 breakdown would be accompanied by yields surging quickly above 3-3.2%. Currently, yields look like they need a pause before a further advance if any.

HUI, on 92-96 BUY (double BUY with 35-39), onpath, xxed, 67 days, +23.0% (also, 16-20 breaking to BUY; 35-39 on BUY; 92-96 on BUY; 218-222 breaking to SELL; current $309.5)
*comment: The HUI broke free, the chart is bullish. The SKI bullish structure is developing nicely and any future drop will be met with the 16-20 and 35-39 support. A steady rise should continue, first target $350. The trend support is in the $305-310 range and it was hit today. If it does not hold the next support level is in the $280-300 range.

Nasdaq, on 16-20 BUY, onpath, xxed, 4 days, -1.18% (also, 16-20 on BUY; 35-39 breaking to BUY; 92-96 on SELL; 218-222 breaking to BUY; current $13174)
*comment: The chart is in a bearish configuration. The 35-39 sell made the chart short term bearish again. To turn the chart bullish $16000 needs to be cleared and then held long enough for a buy-sell of 92-96. If the 35-39 buys back quickly that will turn short term configuration bullish with a possibility to attack that $16K target. The bearish scenario is the 35-39 doesn't buy back and the price drops to $12500ish and tests/exceeds the previous low. I think the chances are 50:50 between these two scenarios until the last week of Apr. If the 35-39 doesn't buy back in this period the bullish scenario goes out of the picture very quickly. So, it is a do or die time for the tech sector.

Russell, on 16-20 BUY, onpath, xxed, 6 days, -1.66% (also, 16-20 on BUY; 35-39 crossed to SELL>>to BUY 2058.96/+3.39% or higher; 92-96 on SELL; 218-222 on SELL; current $1991)
*comment: Russell is in a bearish configuration and an attempt to break into the old trading range $2100-2300 was rejected. On the other hand, the 35-39 sell has cleared all xxing and a new 35-39 buy would be clearly short term bullish with an implication that a rally to $2300 is possible. To become bullish again, longer-term, it needs to go above $2300. The most probable scenario for me is still a test of the bottom of the recent range at $1900. This bottom must hold in order to prevent a serious leg down that could take us quickly all the way to $1650. NEW: Yesterday's 35-39 buy has been instantly sold. That is not bullish but the price is still above $1900. Let's see if it can hold.

10Y yield, on 92-96 BUY onpath, notxxed(true), juxtaposed, 111 days, +86.99% (also, 16-20 on SELL; 35-39 on BUY; 92-96 on BUY; 218-222 on BUY; current 2.92%)
*comment: 10Y yield is in a true bull market. The yield reached the 3% level briefly and then retraced. Rising over 3% seems almost inevitable but I expect it to consolidate or retrace very soon. The short term support is at 2.5-2.6%. The consolidation should temporarily relieve the pressure on the broad markets.

XAU, on 92-96 BUY, true BUY, onpath, notxxed, 54 days, +26.06% (also, 16-20 breaking to BUY; 35-39 on BUY; 92-96 on BUY; 218-222 to NOT SELL 158.84/+1.51% or higher; current $156.48)
*comment: the XAU is on a true bull signal. A 218-222 buy signal has been generated to complete the bullish alignment of the SKI indices. The steady rise should continue but that doesn't mean we will not have consolidations along the way. A medium-term target is $196. The trend support in the $150-155 range. NEW: the short term support has been hit today, the 218-222 is breaking to sell. We will see if it can hold here or we drop to the next level of support at $150ish. The bullish configuration is intact.

ASA, on 35-39 BUY, true Buy, onpath, notxxed, 53 days, +8.35% (also, 16-20 breaking to SELL; 35-39 breaking to SELL; 92-96 on BUY; 218-222 on SELL; current $22.05)

Bitcoin, on 35-39 BUY, onpath, notxxed(true), 10 days, +1.7% (also, 16-20 on BUY; 35-39 breaking to SELL; 92-96 on SELL; 218-222 on SELL; current $40807)
*comment: The $34-36K area survived the test and the new 35-39 buy signal led to the testing of the upper resistance at $48K. The $48K (92-96 index) rejected the rise that could have led to a new bull market. After the simultaneous 16-20 and 35-39 buy a possible rise above $45K would generate a 92-96 buy to complete a powerful triple buy, similar to the gold sector. Only the continuation of the crash down below $35K will prevent this bullish scenario to realise. This is a very interesting situation and it does aline with the 'do or die' setup in Nasdaq. I am on the verge of pulling the trigger here but I will wait for the signal.

COPX Copper miners, on 35-39 BUY, onpath, xxed, 78 days, +17.65% (also, 16-20 to NOT BUY 46.18/+7.1% or higher; 35-39 breaking to SELL; 92-96 on BUY; 218-222 on BUY; current $43.12)
*comment: COPX broke out of the $38 level. The 16-20 should keep providing support while the price is in process of breaking the 2021 high. The support is now at $42.5-43.5 and it was hit today.

GDX, on 92-96 BUY (double BUY with 35-39), onpath, xxed, 51 days, +20.35% (also, 16-20 breaking to BUY; 35-39 on BUY; 92-96 on BUY; 218-222 breaking to SELL; current $38.09)
*comment: GDX is on a strong double buy signal. 92-96 is in command. A steady rise should continue but that doesn't mean we will not have consolidations along the way. A medium-term target is at $45ish. The trend support is in the $37-38 range and it was hit today.

GDXJ, on 92-96 BUY, onpath, notxxed(true), 12 days, +1.65% (also, 16-20 breaking to BUY; 35-39 on BUY; 92-96 on BUY; 218-222 on SELL; current $47.36)
*comment: The 92-96 bought for a true bull market. The SKI indices have lined up in bullish order. The immediate target is $55ish. The trend support is around $46.

GLD, on 92-96 BUY onpath, xxed, 82 days, +7.75% (also, 16-20 breaking to BUY; 35-39 on BUY; 92-96 on BUY; 218-222 on BUY; current $182.06)
*comment: GLD chart is in a bullish configuration. Currently, the price is in an ascending triangle which should resolve to the upside by the last week of May 2022. The triangle resistance is at $185. The trend support is between $175-178 and is rising.

SLV, on 92-96 BUY, onpath, notxxed(true), 8 days, -1.56% (also, 16-20 crossed to BUY>>to SELL 23.49/+3.07% or higher; 35-39 breaking to SELL; 92-96 on BUY; 218-222 on SELL; current $22.79)
*comment: SLV bought back the 92-96 index for its true bull market. The SKI structure is appropriate. I am very bullish here, the immediate target at $25.5 and then $27ish. The 16-20 is breaking to BUY and this support should be bought. If it is not able to hold the next support is at $21.5ish.

TIP, last signal 35-39 SELL, 12 days, -0.17% (also, 16-20 on BUY; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL, current $121.9)
*comment: TIPs are in a bearish configuration. The 35-39 sold again and the price target at the $120 has been achieved therefore some consolidation until touch/ break of 16-20, around $123ish, is probable.

TLT, on 16-20 BUY, onpath, notxxed(true), 31 days,
-11.49% (also, 16-20 on BUY; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $120.75)
*comment: TLT is in a bearish configuration. The price has touched the lower boundary of the trend channel so we can expect a short term rally to touch the 16-20 at around $128-130. If the crash continues an immediate market crash becomes more probable.

UCO, on 92-96 BUY, onpath, xxed, 92 days, +116.33% (also, 16-20 crossed to BUY>>to SELL 171.47/+1.77% or higher; 35-39 on BUY, 92-96 on BUY; 218-222 on BUY; current $168.48)
*co mment: UCO rally continues. A bullish triangle has been broken to the upside signalling the start of a new leg up. Technically there is no serious resistance before $300.

URA, on 35-39 BUY, onpath, notxxed(true), 31 days, -2.3% (also, 16-20 breaking to BUY; 35-39 on BUY; 92-96 breaking to SELL; 218-222 on BUY; current $25.44)
*comment: The execution of a true buy 35-39 signal marked a breakout and acceleration. The next target is $30ish but the 92-95 index must be overcome first so I am expecting some range trading between $23.5-26.5 first. NEW: Consolidation seems over, the 92-96 buy signal has been generated. The buy signal didn't mark the top, a strong rally to $30 and above is likely to take place. Short term trend support is around $27 and it was hit today. Longer-term support is at $24.

USERX, on 92-96 BUY, onpath, notxxed(true), juxtaposed; 13 days, -1.44%, run pattern in-progress 1U/1D/-3.91%perday, xxing=on_off_off (also, 16-20 breaking to BUY; 35-39 on BUY; 92-96 on BUY; 218-222 on SELL, current $13.04)
*comment: The 92-96 bought for the start of a true bull market. By the end of April, I am expecting a 218-222 buy to complete the bullish alignment of SKI indices. I expect $14-14.5ish to be significant resistance so that is the first target. The 16-20 and 35-39 now represent support and long positions should be added to around those levels. Short term trend support is at $12.5-13.

UUP, on 92-96 true BUY, 170 days, +6.92% (also, 16-20 on SELL; 35-39 on BUY; 92-96 on BUY; 218-222 on BUY; current $26.89)
*comment: The price hit the upper boundary of the uptrend channel and that marked a top for now. We should see some consolidation around the current level. The first upside target is $27.2. Support $26.4ish

Australian XGD, on 92-96 BUY, onpath, xxed, 48 days, +25.21% (also, 16-20 on SELL; 35-39 on BUY; 92-96 on BUY; 218-222 breaking to SELL; current $7504)
*comment: The XGD finally broke $7400. The 218-222 bough and I think that confirms the breakout. The next stop is $8000, then 9000+ but we might see the consolidation first. The trend support is around $7000, then $6500ish.

USERX and XGD.AX

 USERX

XGD.AX

The State Of Indices 21/4/2022

 SandP, on 35-39 BUY, onpath, notxxed(true), 21 days, -1.16% (also, 16-20 breaking to SELL; 35-39 on BUY; 92-96 on SELL; 218-222 on BUY; current $4459)

*comment: The chart is still in a bearish configuration but it is on a 35-39 true buy signal. If the price goes above $4704 and then holds above the $4500ish for long enough to sell-buy the 92-96, a new bull market would be triggered. I am sceptical but everything is possible. As a more probable scenario, I am looking for a retrace back to $4350 to touch/buy 16-20. Then we will see. NEW: So far so good, the 16-20 bought, as expected. In the next two weeks, we will see if the price is going to challenge the 218-222 or the 16-20 buy is going to mark the bottom. For now, the 16-20 is marking the bottom but it is too early to say. If the 218-222 is challenged and it breaks down we might witness the start of a serious crash probably down to $3660. This is still far away but this is the condition to watch. As a confirmation 10y yield should be monitored too. The 218-222 breakdown would be accompanied by yields surging quickly above 3-3.2%. Currently, yields look like they need a pause before a further advance if any.

HUI, on 92-96 BUY (double BUY with 35-39), onpath, xxed, 66 days, +29.34% (also, 16-20 on SELL; 35-39 on BUY; 92-96 on BUY; 218-222 on BUY; current $325.45)
*comment: The HUI broke free, the chart is bullish. The SKI bullish structure is developing nicely and any future drop will be met with the 16-20 and 35-39 support. A steady rise should continue, first target $350. The trend support is in the $305-310 range, then in the $280-300 range.

Nasdaq, on 16-20 BUY, onpath, xxed, 3 days, +0.91% (also, 16-20 breaking to SELL; 35-39 breaking to BUY; 92-96 on SELL; 218-222 breaking to BUY; current $13453)
*comment: The chart is in a bearish configuration. The 35-39 sell made the chart short term bearish again. To turn the chart bullish $16000 needs to be cleared and then held long enough for a buy-sell of 92-96. If the 35-39 buys back quickly that will turn short term configuration bullish with a possibility to attack that $16K target. The bearish scenario is the 35-39 doesn't buy back and the price drops to $12500ish and tests/exceeds the previous low. I think the chances are 50:50 between these two scenarios until the last week of Apr. If the 35-39 doesn't buy back in this period the bullish scenario goes out of the picture very quickly. So, it is a do or die time for the tech sector. NEW: So far the 16-20 buy marked the bottom but it is too early to predict anything. 35-39 is breaking to buy.

Russell, on 16-20 BUY, onpath, xxed, 5 days, +0.65% (also, 16-20 on BUY; 35-39 BUY executed today; 92-96 on SELL; 218-222 on SELL; current $2038)
*comment: Russell is in a bearish configuration and an attempt to break into the old trading range $2100-2300 was rejected. On the other hand, the 35-39 sell has cleared all xxing and a new 35-39 buy would be clearly short term bullish with an implication that a rally to $2300 is possible. To become bullish again, longer-term, it needs to go above $2300. The most probable scenario for me is still a test of the bottom of the recent range at $1900. This bottom must hold in order to prevent a serious leg down that could take us quickly all the way to $1650. NEW: Double buy has been generated 16-20/35-39 with 16-20 in charge. The question now is can it last and push the price back into the $2100-2300 range.

10Y yield, on 92-96 BUY onpath, notxxed(true), juxtaposed, 110 days, +82.05% (also, 16-20 on SELL; 35-39 on BUY; 92-96 on BUY; 218-222 on BUY; current 2.84%)
*comment: 10Y yield is in a true bull market. The yield reached the 3% level briefly and then retraced. Rising over 3% seems almost inevitable but I expect it to consolidate or retrace very soon. The short term support is at 2.5-2.6%. The consolidation should temporarily relieve the pressure on the broad markets.

XAU, on 92-96 BUY, true BUY, onpath, notxxed, 53 days, +33.1% (also, 16-20 on SELL; 35-39 on BUY; 92-96 on BUY; 218-222 on BUY; current $165.22)
*comment: the XAU is on a true bull signal. A 218-222 buy signal has been generated to complete the bullish alignment of the SKI indices. The steady rise should continue but that doesn't mean we will not have consolidations along the way. A medium-term target is $196. The trend support in the $150-155 range.

ASA, on 35-39 BUY, true Buy, onpath, notxxed, 52 days, +11.16% (also, 16-20 BUY executed today; 35-39 on BUY; 92-96 on BUY; 218-222 on SELL)

Bitcoin, on 35-39 BUY, onpath, notxxed(true), 9 days, +3.37% (also, 16-20 on BUY; 35-39 breaking to SELL; 92-96 breaking to BUY; 218-222 on SELL; current $41480)
*comment: The $34-36K area survived the test and the new 35-39 buy signal led to the testing of the upper resistance at $48K. The $48K (92-96 index) rejected the rise that could have led to a new bull market. After the simultaneous 16-20 and 35-39 buy a possible rise above $45K would generate a 92-96 buy to complete a powerful triple buy, similar to the gold sector. Only the continuation of the crash down below $35K will prevent this bullish scenario to realise. This is a very interesting situation and it does aline with the 'do or die' setup in Nasdaq. I am on the verge of pulling the trigger here but I will wait for the signal.

COPX Copper miners, on 35-39 BUY, onpath, xxed, 77 days, +24.26% (also, 16-20 breaking to BUY; 35-39 on BUY; 92-96 on BUY; 218-222 on BUY; current $45.54)
*comment: COPX broke out of the $38 level. The 16-20 should keep providing support while the price is in process of breaking the 2021 high. The support is now at $42.5-43.5.

GDX, on 92-96 BUY (double BUY with 35-39), onpath, xxed, 50 days, +26.79% (also, 16-20 on SELL; 35-39 on BUY; 92-96 on BUY; 218-222 on BUY; current $40.13)
*comment: GDX is on a strong double buy signal. 92-96 is in command. A steady rise should continue but that doesn't mean we will not have consolidations along the way. A medium-term target is at $45ish. The trend support is in the $37-38 range.

GDXJ, on 92-96 BUY, onpath, notxxed(true), 11 days, +7.62% (also, 16-20 on SELL; 35-39 on BUY; 92-96 on BUY; 218-222 on SELL; current $50.14)
*comment: The 92-96 bought for a true bull market. The SKI indices have lined up in bullish order. The price clearly broke out of the $49 resistance. The immediate target is $55ish. The trend support is around $46.

GLD, on 92-96 BUY onpath, xxed, 81 days, +8.13% (also, 16-20 breaking to BUY; 35-39 on BUY; 92-96 on BUY; 218-222 on BUY; current $182.71)
*comment: GLD chart is in a bullish configuration. Currently, the price is in an ascending triangle which should resolve to the upside by the last week of May 2022. The triangle resistance is at $185. The trend support is between $175-178 and is rising.

SLV, on 92-96 BUY, onpath, notxxed(true), 7 days, +0.56% (also, 16-20 breaking to BUY; 35-39 breaking to SELL; 92-96 on BUY; 218-222 on SELL; current $23.28)
*comment: SLV bought back the 92-96 index for its true bull market. The SKI structure is appropriate. I am very bullish here, the immediate target at $25.5 and then $27ish. The SLV true buy is the last piece of the puzzle in the overall bullish picture in the gold/silver sector. ALL indices are now aligned in a bullish manner and that is my major criteria for confirming valid signals. The last time this happened was in 2005.

TIP, last signal 35-39 SELL, 11 days, -0.57% (also, 16-20 on BUY; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL, current $121.42)
*comment: TIPs are in a bearish configuration. The 35-39 sold again and the price target at the $120 has been achieved therefore some consolidation until touch/ break of 16-20, around $123ish, is probable.

TLT, on 16-20 BUY, onpath, notxxed(true), 30 days,
-10.83% (also, 16-20 on BUY; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $121.65)
*comment: TLT is in a bearish configuration. The price has touched the lower boundary of the trend channel so we can expect a short term rally to touch the 16-20 at around $128-130. If the crash continues an immediate market crash becomes more probable.

UCO, on 92-96 BUY, onpath, xxed, 91 days, +111.29% (also, 16-20 to NOT BUY 171.47/+4.21% or higher; 35-39 on BUY, 92-96 on BUY; 218-222 on BUY; current $164.55)
*comment: UCO rally continues. A bullish triangle has been broken to the upside signalling the start of a new leg up. Technically there is no serious resistance before $300.

URA, on 35-39 BUY, onpath, notxxed(true), 30 days, +6.64% (also, 16-20 on SELL; 35-39 on BUY; 92-96 on BUY; 218-222 on BUY; current $27.77)
*comment: The execution of a true buy 35-39 signal marked a breakout and acceleration. The next target is $30ish but the 92-95 index must be overcome first so I am expecting some range trading between $23.5-26.5 first. NEW: Consolidation seems over, the 92-96 buy signal has been generated. The buy signal didn't mark the top, a strong rally to $30 and above is likely to take place. Short term trend support is around $27, longer-term $24.

USERX, on 92-96 BUY, onpath, notxxed(true), juxtaposed; 12 days, +2.57%, run pattern in-progress 2D/1U/+0.37%perday, xxing=on_off_off (also, 16-20 on BUY; 35-39 on BUY; 92-96 on BUY; 218-222 on SELL, current $13.57)
*comment: The 92-96 bought for the start of a true bull market. By the end of April, I am expecting a 218-222 buy to complete the bullish alignment of SKI indices. I expect $14-14.5ish to be significant resistance so that is the first target. The 16-20 and 35-39 now represent support and long positions should be added to around those levels. Short term trend support is at $12.5-13.

UUP, on 92-96 true BUY, 169 days, +6.6% (also, 16-20 on SELL; 35-39 on BUY; 92-96 on BUY; 218-222 on BUY; current $26.81)
*comment: The price hit the upper boundary of the uptrend channel and that marked a top for now. We should see some consolidation around the current level. The first upside target is $27.2.

Australian XGD, on 92-96 BUY, onpath, xxed, 47 days, +25.62% (also, 16-20 on SELL; 35-39 on BUY; 92-96 on BUY; 218-222 BUY executed today; current $7529)
*comment: The XGD finally broke $7400. The 218-222 bough and I think that confirms the breakout. The next stop is $8000, then 9000+ but we might see the consolidation first. The trend support is around $7000, then $6500ish.

USERX and XGD.AX

 USERX

XGD.AX

USERX and XGD.AX

 USERX

XGD.AX

USERX and XGD.AX

 USERX

XGD.AX

The State Of Indices, 14/4/2022

 SandP, on 35-39 BUY, onpath, notxxed(true), 17 days, -1.44% (also, 16-20 to NOT BUY 4456.59/+0.22% or higher; 35-39 breaking to SELL; 92-96 on SELL; 218-222 on BUY; current $4446)

*comment: The chart is still in a bearish configuration but it is on a 35-39 true buy signal. If the price goes above $4704 and then holds above the $4500ish for long enough to sell-buy the 92-96, a new bull market would be triggered. I am sceptical but everything is possible. As a more probable scenario, I am looking for a retrace back to $4350 to touch/buy 16-20. Then we will see. NEW: So far so good, the 16-20 is breaking towards the buy, as expected. In the next two weeks, we will see if the price is going to challenge the 218-222 or the 16-20 buy is going to mark the bottom. If the 218-222 is challenged and it breaks down we might be witnessing the start of a serious crash probably down to $3660. For now, this is still far away but this is the condition to watch. As a confirmation 10y yield should be monitored too. The 218-222 breakdown would be accompanied by yields surging quickly above 3-3.2%. Currently, yields look like they need a pause before a further advance if any.  

HUI, on 92-96 BUY (double BUY with 35-39), onpath, xxed, 62 days, +31.09% (also, 16-20 on SELL; 35-39 on BUY; 92-96 on BUY; 218-222 BUY executed today; current $329.85)

*comment: The HUI broke free, the chart is bullish. The SKI bullish structure is developing nicely and any future drop will be met with the 16-20 and 35-39 support. A steady rise should continue, first target $350. The trend support is in the $305-310 range, then $280-300. 

Nasdaq, last signal 35-39 SELL, 3 days, +1.73% (also, 16-20 to NOT BUY $13923/+2.05% or higher; 35-39 breaking to BUY; 92-96 on SELL; 218-222 SELL executed today; current $13643)

*comment: The chart is in a bearish configuration. This 35-39 sell makes the chart short term bearish again. To turn the chart bullish $16000 needs to be cleared and then held long enough for a buy-sell of 92-96. If the 35-39 buys back quickly that will turn short term configuration bullish again with a possibility to attack that $16K target. The bearish scenario is the 35-39 doesn't buy back and the price drops to $12500ish and tests/exceeds the previous low. I think the chances are 50:50 between these two scenarios until the last week of Apr. If the 35-39 doesn't buy back in this period the bullish scenario goes out of the picture very quickly. So, it is a do or die time for the tech sector.

Russell, 16-20 BUY executed today, onpath, xxed (also, 16-20 breaking to SELL; 35-39 breaking to BUY; 92-96 on SELL; 218-222 on SELL; current $2025)

*comment: Russell is in a bearish configuration and an attempt to break into the old trading range $2100-2300 was rejected. On the other hand, the 35-39 sell has cleared all xxing and a new 35-39 buy would be clearly short term bullish with an implication that a rally to $2300 is possible. To become bullish again, longer-term, it needs to go above $2300. The most probable scenario for me is still a test of the bottom of the recent range at $1900. This bottom must hold in order to prevent a serious leg down that could take us quickly all the way to $1650.

10Y yield, on 92-96 BUY onpath, notxxed(true), juxtaposed, 106 days, +72.24% (also, 16-20 on SELL; 35-39 on BUY; 92-96 on BUY; 218-222 on BUY; current 2.69%)

*comment: 10Y yield is in a true bull market. The price has broken above the recent high and heading towards 3%. If the acceleration continues we should start worrying about the equity markets. A stock market melt-up scenario that many analysts predict doesn't seem probable before yields stop rising and consolidate. Currently, the price is hitting the upper boundary of the trending channel which makes it probable to consolidate/retrace to hit touch 16-20. The 2.77% should be a top for a while. 

XAU, on 92-96 BUY, true BUY, onpath, notxxed, 49 days, +35.03% (also, 16-20 on SELL; 35-39 on BUY; 92-96 on BUY; 218-222 crossed to BUY>>to SELL 162.05/-3.32% or lower; current $167.62)

*comment: the XAU is on a true bull signal. A 218-222 buy signal was generated today to complete the bullish alignment of the SKI indices. A steady rise should continue but that doesn't mean we will not have consolidations along the way. A medium-term target is $196. The trend support in the $150-155 range.  

ASA, on 35-39 BUY, true Buy, onpath, notxxed, 48 days, +12.29% (also, 16-20 to BUY 22.47/-1.66% or lower; 35-39 breaking to SELL; 92-96 breaking to SELL; 218-222 on SELL)

Bitcoin, on 35-39 BUY, onpath, notxxed(true), 2 days, +2.8% (also, 16-20 breaking to SELL; 35-39 breaking to SELL; 92-96 breaking to BUY; 218-222 on SELL; current $41251)

*comment: The $34-36K area survived the test and the new 35-39 buy signal led to the testing of the upper resistance at $48K. The $48K (92-96 index) rejected the rise that could have led to a new bull market. After yesterday's simultaneous 16-20 and 35-39 buy a possible rise above $45K would generate a 92-96 buy to complete a powerful triple buy, similar to the gold sector. Only the continuation of the crash down below $35K will prevent this bullish scenario to realise. This is a very interesting situation and it does aline with the 'do or die' setup in Nasdaq. I am on the verge of pulling the trigger here. 

COPX Copper miners, on 35-39 BUY, onpath, xxed, 73 days, +26.08% (also, 16-20 breaking to BUY; 35-39 on BUY; 92-96 on BUY; 218-222 on BUY; current $46.21)

*comment: COPX broke out of the $38 level. The 16-20 should keep providing support while the price is in process of breaking 2021 high. The support is now at $42.5-43.5.

GDX, on 92-96 BUY (double BUY with 35-39), onpath, xxed, 46 days, +28.56% (also, 16-20 on SELL; 35-39 on BUY; 92-96 on BUY; 218-222 BUY executed today; current $40.69)

*comment: GDX is on a strong double buy signal. 92-96 is in command. A steady rise should continue but that doesn't mean we will not have consolidations along the way. A medium-term target is at $45ish. The trend support is in the $37-38 range.   

GDXJ, on 92-96 BUY, onpath, notxxed(true), 7 days, +8.71% (also, 16-20 breaking to BUY; 35-39 on BUY; 92-96 on BUY; 218-222 on SELL; current $50.65)

*comment: The 92-96 bought for a true bull market. The SKI indices have lined up in bullish order. Today the price clearly broke out of the $49 resistance. The immediate target is $55ish. The trend support is around $46. 

GLD, on 92-96 BUY onpath, xxed, 77 days, +9.28% (also, 16-20 breaking to BUY; 35-39 on BUY; 92-96 on BUY; 218-222 on BUY; current $184.65)

*comment: GLD chart is in a bullish configuration. The 16-20 signal was buyable. The trend support is between $175-178.

SLV, on 92-96 BUY, onpath, notxxed(true), 3 days, +2.59% (also, 16-20 crossed to SELL; 35-39 on BUY; 92-96 breaking to SELL; 218-222 on SELL; current $23.75)

*comment: SLV bought back the 92-96 index for its true bull market. The SKI structure is appropriate. I am very bullish here, the immediate target at $25.5 and then $27ish. The SLV true buy is the last piece of the puzzle in the overall bullish picture in the gold/silver sector. ALL indices are now aligned in a bullish manner and that is my major criteria for confirming valid signals. The last time this happened was in 2005.

TIP, last signal 35-39 SELL, 7 days, -0.76% (also, 16-20 on BUY; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL, current $121.18)

*comment: TIPs are in a bearish configuration. The 35-39 sold again and the price broke down and is now targeting the $119-120 region. The countertrend rally that I had been expecting seems less probable now but after hitting the target some consolidation until touch/ break of 16-20 is probable.

TLT, on 16-20 BUY, onpath, notxxed(true), 26 days, -9.68% (also, 16-20 on BUY; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $123.22)

*comment: TLT is in a bearish configuration. The price has touched the lower boundary of the trend channel so we can expect a short term rally to touch the 16-20 at around $128-130. If the crash continues an immediate market crash becomes more probable.

UCO, on 92-96 BUY, onpath, xxed, 87 days, +122.2% (also, 16-20 breaking to BUY; 35-39 on BUY, 92-96 on BUY; 218-222 on BUY; current $173.05)

*comment: UCO rally continues. A bullish triangle has been developing since the early March top, ranging between $130-205. I expect a resolution to the upside in the next two weeks. Technically there is no serious resistance before $300.

URA, on 35-39 BUY, onpath, notxxed(true), 26 days, +8.83% (also, 16-20 on SELL; 35-39 on BUY; 92-96 breaking to SELL; 218-222 on BUY; current $28.34)

*comment: The execution of a true buy 35-39 signal marked a breakout and acceleration. The next target is $30ish but the 92-95 index must be overcome first so I am expecting some range trading between $23.5-26.5 first. NEW: Consolidation seems over, the 92-96 buy signal has been generated. The buy signal didn't mark the top, a strong rally to $30 and above is likely to take place. The structure is in place now. Short term trend support is around $27, longer-term $24.

USERX, on 92-96 BUY, onpath, notxxed(true), juxtaposed; 8 days, +2.72%, run pattern in-progress 1D/2U/+1.9%perday, xxing=on_off_off (also, 16-20 breaking to BUY; 35-39 on BUY; 92-96 breaking to SELL; 218-222 on SELL, current price $13.59)

*comment: The 92-96 bought for the start of a true bull market. An instant 92-96 sell signal is not possible anymore. By the end of April, I am expecting a 218-222 buy to complete the bullish alignment of SKI indices. I expect $14-14.5ish to be significant resistance so that is the first target. The 16-20 and 35-39 now represent support and long positions should be added to around those levels. Short term trend support is at $12.5-13.

UUP, on 92-96 true BUY, 165 days, +6.2% (also, 16-20 on SELL; 35-39 on BUY; 92-96 on BUY; 218-222 on BUY; current price $26.71)

*comment: The price hit the upper boundary of the uptrend channel and that marked a top for now. We should see some consolidation around the current level. 

Australian XGD, on 92-96 BUY, onpath, xxed, 44 days, +23.79% (also, 16-20 SELL executed today; 35-39 on BUY; 92-96 on BUY; 218-222 on SELL; current $7420)

*comment: The XGD price is approaching $7400 again. This level has been a firm obstacle to further advance during the last 3 weeks. If the breakout fails again, which I think is probable, we should fall back into the symmetrical triangle that has been developing since the beginning of March. The bottom boundary of the triangle should be revisited at around $6800 before the new attempt to breakout. If and when the breakout happens it will be marked by a new 218-222 buy signal with an immediate target of $8000 and then $9000+. If $6800 cannot hold the next support is around $6500.