USERX and XGD.AX charts

 USERX

USERX long indices

XGD.AX

The State Of Indices, 29/7/2022

 SandP 500, last signal 16-20 SELL, 12 days, +7.12% (also, 16-20 on SELL; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $4072)

*comment: S and P chart is in a bearish configuration. The $3737 level is 36 months MAV which represents the bull market support. The price needs to close below this level on a monthly basis for the crash scenario to get activated. In June this level was pierced but the close was above so we will see how the July action goes. I added to my shorts at $3900 and will add on every $200 rise up to $4400.
The downside target, for now, is $3400-3495.
NEW: Seems like the monthly close will be above the critical $3737 level, so no crash yet. I will add to my shorts above $4100.

HUI, last signal 92-96 SELL, 30 days, -14.56% (also, 16-20 on BUY; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $205.72)
*comment: HUI is in a bearish configuration. The $215-220 support area has been breached and needs to be recovered quickly. Again, I expect a rise at least back to touch/break 16-20 index. If not the next target is $203 (done), then $180ish.
NEW: $203 was hit intraday on Friday the 15th and the fall continued down to $192.45 so far. Today the $203 level was recovered and there is a chance that a bottom is forming around the recent low. The rise should continue until a new 16-20 sell signal. Then, either a new leg down to test the $192 low and potentially hit that $180 target or consolidation and a rise to buy back the 35-39 and the 218-222 for renewed bullishness.

Nasdaq, last signal 35-39 SELL, 2 days, +0.92% (also, 16-20 on SELL; 35-39 to NOT BUY $12710/-0.06% or lower; 92-96 on SELL; 218-222 on SELL; current $12717)
*comment: The chart is in a bearish configuration. The first downside target ($11760) has been hit the next target is $10579.
NEW: As I suspected last week Nasdaq started a rally. Target $13000ish?

Russell 2000, last signal 16-20 SELL, 11 days, +9.69% (also, 16-20 on SELL; 35-39 breaking to BUY; 92-96 on SELL; 218-222 on SELL; current $1873)
*comment: Russell is in a bearish configuration. The first target of $1710 has been hit, the next target is $1534.
NEW: Getting close to the upside target of $1900.

10Y yield, on 92-96 BUY onpath, notxxed(true), juxtaposed, 178 days, +71.86% (also, 16-20 on BUY; 35-39 SELL executed today; 92-96 on BUY; 218-222 on BUY; current 2.68%)
*comment: 10Y yield is in a true bull market. Yield blasted through the resistance and hit my target of 3.5%. The S and P is on the verge of a meltdown but I think it will need yields back over 3.5%.
NEW: The 35-39 sold again and the chart pattern now looks like a confirmed triple top. 3.1% is serious resistance and 2.2-2.3% is the target on the downside. I expect some support around 2.7%. I will consider going long TLT if the next 10Y signal is 16-20 sell (2.9-3.1%).

XAU, last signal 92-96 SELL (simultaneous with 16-20 BUY), 30 days, -12.2% (also, 16-20 on BUY; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $107.2)
*comment: XAU is in a bearish configuration. It generated simultaneous 16-20 buy and 92-96 sell signals. Such a combo usually marks a short-term bottom but this time it was just a pause. The recent low ($119) has been breached. The target on the downside is $100-110 but the final low might be sub-$100.
NEW: The intraday low on 25th July was $99.81 so my downside target was hit. A rally back to sell 16-20 is underway. The upside target is $110-115ish for now. After that either the test of the recent low to buy back the 16-20 or consolidation and rally to $120 to buy 35-39 and 218-222. The final low shouldn't exceed $90-95 because that is where the long-term bull market support is. If we violate this support the whole bull market will be reconfigured.

ASA, on 16-20 BUY, onpath, notxxed(true), 30 days,
-12.44% (also, 16-20 breaking to SELL; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $14.78)
*comment: ASA is in a bearish configuration. The rise to 16-20 sell signal is underway. The upside target is $15-16ish for now. After that either the test of the recent low to buy back the 16-20 or consolidation and rally to $17ish to buy 35-39.

Bitcoin, on 35-39 BUY, onpath, notxxed, 6 days, +5.98% (also, 16-20 to BUY 19322/-18.85% or lower; 35-39 breaking to SELL; 92-96 on SELL; 218-222 on SELL; current $23809
*comment: BTC hit my second target of $19K. The next target is $13K but first back to $24-26? Technically the measured target from the broken head and shoulders chart pattern is $3.5K(!) but the timeframe for that is probably another 12-18 months.
NEW: 35-39 on the path buy signal has been generated. I think that this signal should propel the price up to 28K but the first stop is $26K. I established a long position two days ago ($20.7K). Stop loss is below $20.5K.

COPX copper miners, last signal 92-96 SELL (simultaneous with 16-20 BUY), 29 days, -16.54% (also, 16-20 breaking to SELL; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $29.21)
*comment: The support broke down, and the $30 target has been hit. It will probably mark some kind of a bottom. A bounce to $30-32ish is expected.
NEW: The last 7 days look like an island reversal so I expect a rally to $32ish as a result.

GDX,last signal 92-96 SELL, 25 days, -10.07% (also, 16-20 on BUY; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $26.00)
*comment: The chart is in a bearish configuration. The support ($30) fell. The new leg down is underway. The target is $25ish (done).
The support at $25 emanates from the Jan 2016 bottom so it is essential for the very long-term structure of this bull market. This is the red line that cannot be crossed without serious consequences.
NEW: The super important support at $25 is holding for now. The target for the bounce is $28-29ish.

GDXJ, on 16-20 BUY, onpath, notxxed(true), 29 days,
-11.76% (also, 16-20 to NOT SELL 33.04/-0.18% or lower; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $33.1)
*comment: The chart is in a bearish configuration. The $37 didn't hold, a price collapse is probable down to $26-28.
NEW: The price has entered the support zone. A bounce back to $35 is expected (16-20 sell). After that either the test of the recent low to buy back the 16-20 or consolidation and rally to $37-39ish to buy 35-39 and 218-222.

GLD, last signal 92-96 SELL, 22 days, -3.53% (also, 16-20 breaking to SELL; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $163.64)
*comment: GLD chart is in bearish configuration. The $166 support was broken. The next target is $158-160 (done) (spot $1700-1720 ). $158-160 must hold for the bull market to stay inside its current parameters.
NEW: The target zone was hit ($158.03 GLD, $1681 spot gold intraday). $170 resistance needs to be overcome for a longer-lasting low to be formed.
NEW: I established a long position. Will hold it until 16-20 sell. Stop loss break of $1679 (moved stop loss to break-even now).

SLV, on 16-20 BUY, onpath, notxxed(true), 29 days,
-8.94% (also, 16-20 breaking to SELL; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $18.43)
*comment: $19 was taken out. The SKI structure is bearish the target is 18.5ish (done) then sub $17.4ish (done).
NEW: The second target has been hit. The support zone should provide a bounce at least back to $19.

TIP, last signal 16-20 SELL, 3 days, +1.67% (also, 16-20 on SELL; 35-39 breaking to BUY; 92-96 on SELL; 218-222 on SELL, current $117.64)
*comment: TIPs are in a bearish configuration. The downside target is still around $110-111 but recent action suggests there might be a rally soon. Let's see if there is enough energy to push the price up to a new 16-20 sell signal and potentially lock in a bottom.
NEW: The price gapped over all of the 16-20 back prices and generated a 16-20 sell signal. If the signal can hold until a new 35-39 buy signal the bottom might be in.

TLT, 35-39 BUY executed today, onpath, xxed (also, 16-20 on SELL; 35-39 breaking to SELL; 92-96 on SELL; 218-222 on SELL; current $117.75)
*comment: TLT is in a bearish configuration. The long-term target is $100ish.
NEW: The price rose above $117 and bought 35-39. If it maintains this 35-39 buy until a new 16-20 buy it will highly increase the odds that the bottom is in. I'd say the chances are 50:50 but increasing for the 16-20 buy with every day that the buy signal is maintained.

UCO, last signal 92-96 SELL, 7 days, -0.29% (also, 16-20 breaking to SELL; 35-39 on SELL; 92-96 to NOT BUY 37.49/-1.7% or lower; 218-222 on BUY; current $38.14)
*comment: The 92-96 bull market finally ended. The SKI structure is now bearish. A rise to $44ish will make me consider a short position. The downside target is $22ish but $32 needs to be broken first which is not going to be easy.

URA, last signal 16-20 SELL, 6 days, +7.53% (also, 16-20 breaking to BUY; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $21.43)
*comment: The chart is in a bearish configuration. The first downside target is $16. The bulls need a price rise over $21 and then to hold that level.
NEW: The price rose above $21, now we need to see if it can hold and buy the 35-39 index.

USERX, on 16-20 BUY, onpath, xxed, 29 days, -10.45%; run pattern in-progress 2D/3U/+2.39%perday; xxing=on_off_off (also, 16-20 breaking to SELL; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $9.51)
*comment: USERX is in a bearish configuration. The recent correction reached $10.28 the mega important level marked at the 2016 top and now this support has been broken. The first target on the downside is 9.25ish (done) and then sub $8.5ish ($8.79 so far).
NEW: The first target has been hit. I again expect a bounce to at least 10-10.2 to test the breakdown level. The bull market support is positioned at $8.1ish.

UUP, on 92-96 true BUY, 237 days, +12.92% (also, 16-20 breaking to BUY; 35-39 on BUY; 92-96 on BUY; 218-222 on BUY; current $28.4)
*comment: The UUP is in a bullish configuration. The $29 target has been hit. I expect a correction down to touch/break 16-20 index. It is too early to tell but in hindsight, the last two weeks might have marked a significant top.
NEW: I mentioned before that the bull market has reached 221 days cycle and that we might be in a process of forming a significant top. So far day 227 marked the top and that fits nicely with the cycle length. The drop back to 16-20 support is almost done. It is highly likely that the 16-20 will buy which would increase the chance that the UUP price has topped.

Australian XGD, last signal 92-96 SELL, 27 days, -12.19% (also, 16-20 to NOT SELL 5043/-0.86% or lower; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $5090)
*comment: The XGD is in a bearish configuration. The long-term support was at $5600-5800 and had been violated in a severe manner. Because of this, the whole bull market from 2015 to 2020 is now being recalibrated. The $4765 target has been hit five times and provided firm support every time. I am done adding to long positions and getting ready to unload some around $5400-5600. I am 70% long in my trading account.

USERX and XGD.AX chart

 USERX

USERX long indices

XGD.AX

The State Of Indices, 28/7/2022

 SandP 500, last signal 16-20 SELL, 11 days, +5.83% (also, 16-20 on SELL; 35-39 breaking to BUY; 92-96 on SELL; 218-222 on SELL; current $4023)

*comment: S and P chart is in a bearish configuration. The $3737 level is 36 months MAV which represents the bull market support. The price needs to close below this level on a monthly basis for the crash scenario to get activated. In June this level was pierced but the close was above so we will see how the July action goes. I added to my shorts at $3900 and will add on every $200 rise up to $4400.
The downside target, for now, is $3400-3495.

HUI, last signal 92-96 SELL, 29 days, -16.63% (also, 16-20 on BUY; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $200.74)
*comment: HUI is in a bearish configuration. The $215-220 support area has been breached and needs to be recovered quickly. Again, I expect a rise at least back to touch/break 16-20 index. If not the next target is $203, then $180ish.
NEW: $203 was hit intraday on Friday the 15th. If this fall continues uninterrupted we are going down to $180. I doubt it will go straight down but I was wrong all the way to here. Everything happened much quicker than I expected.

Nasdaq, 35-39 SELL executed today (also, 16-20 on SELL; 35-39 breaking to BUY; 92-96 on SELL; 218-222 on SELL; current $12601)
*comment: The chart is in a bearish configuration. The first downside target ($11760) has been hit the next target is $10579.
NEW: As I suspected last week Nasdaq started a rally. Target $13000ish?

Russell 2000, last signal 16-20 SELL, 10 days, +8.25% (also, 16-20 on SELL; 35-39 breaking to BUY; 92-96 on SELL; 218-222 on SELL; current $1848)
*comment: Russell is in a bearish configuration. The first target of $1710 has been hit, the next target is $1534.
NEW: As I suspected last week Russell started a rally. Upside target $1900ish.

10Y yield, on 92-96 BUY onpath, notxxed(true), juxtaposed, 177 days, +75.26% (also, 16-20 on BUY; 35-39 crossed to SELL; 92-96 on BUY; 218-222 on BUY; current 2.73%)
*comment: 10Y yield is in a true bull market. Yield blasted through the resistance and hit my target of 3.5%. The S and P is on the verge of a meltdown but I think it will need yields back over 3.5%.
NEW: The 35-39 sold again and the chart pattern now looks like a confirmed triple top. 3.1% is serious resistance and 2.2-2.3% looks like a target on the downside. I expect some support around 2.7%. I will consider going long TLT if the next 10Y signal is 16-20 sell (2.9-3.1%).

XAU, last signal 92-96 SELL (simultaneous with 16-20 BUY), 29 days, -14.53% (also, 16-20 on BUY; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $104.19)
*comment: XAU is in a bearish configuration. It generated simultaneous 16-20 buy and 92-96 sell signals. Such a combo usually marks a short-term bottom but this time it was just a pause. The recent low ($119) has been breached. The target on the downside is $100-110 but the final low might be sub-$100.
NEW: The lower boundary of the support zone is about to be tested. My projection of a sub-$100 bottom looks probable now. The final low shouldn't exceed $90-95 because that is where the long-term bull market support is. If we violate this support the whole bull market will be reconfigured.

ASA, on 16-20 BUY, onpath, notxxed(true), 29 days,
-15.88% (also, 16-20 breaking to SELL; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $14.2)
*comment: ASA is in a bearish configuration. The support has been broken and the action is bearish. The next target on the downside is $14.82 (done).
NEW: The target has been hit but the fall continues. $13.04 has been the bottom for now. There are signs of support around this level. A rise to 16-20 sell signal is due.

Bitcoin, on 35-39 BUY, onpath, notxxed, 5 days, +1.8% (also, 16-20 to BUY 19323/-15.51% or lower; 35-39 breaking to SELL; 92-96 on SELL; 218-222 on SELL; current $22869
*comment: BTC hit my second target of $19K. The next target is $13K but first back to $24-26? Technically the measured target from the broken head and shoulders chart pattern is $3.5K(!) but the timeframe for that is probably another 12-18 months.
NEW: 35-39 on the path buy signal has been generated. I think that this signal should propel the price up to 28K but the first stop is $26K. I establisheed a long position two days ago.

COPX copper miners, last signal 92-96 SELL (simultaneous with 16-20 BUY), 28 days, -17.43% (also, 16-20 breaking to SELL; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $28.9)
*comment: The support broke down, and the $30 target has been hit. It will probably mark some kind of a bottom. A bounce to $30-32ish is expected.
NEW: The last 7 days look like an island reversal so I expect a rally to $32ish as a result.

GDX,last signal 92-96 SELL, 24 days, -11.69% (also, 16-20 on BUY; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $25.53)
*comment: The chart is in a bearish configuration. The support ($30) fell. The new leg down is underway. The target is $25ish (done).
The support at $25 is emanating from the Jan 2016 bottom so it is very important for the very long-term structure of this bull market. This is the red line that cannot be crossed without serious consequences.
NEW: The super important support at $25 is holding for now. The target for the bounce is $29ish.

GDXJ, on 16-20 BUY, onpath, notxxed(true), 28 days,
-14.66% (also, 16-20 breaking to SELL; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $32.01)
*comment: The chart is in a bearish configuration. The $37 didn't hold, a price collapse is probable down to $26-28.
NEW: The price has entered the support zone. A bounce back to $35-36 is expected during the next few weeks. I'd be a buyer on days when the price dives below $28-29.

GLD, last signal 92-96 SELL, 21 days, -4.69% (also, 16-20 on BUY; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $161.67)
*comment: GLD chart is in bearish configuration. The $166 support was broken. The next target is $158-160 (done) (spot $1700-1720 ). $158-160 must hold for the bull market to stay inside its current parameters.
NEW: The target zone was hit ($158.03 GLD, $1681 spot gold intraday). I expect a break of support to run the stops and then a bounce to at least 16-20 sell signal. $170 resistance needs to be overcome for a longer-lasting low to be formed.
NEW: I established a long position. Will hold it until 16-20 sell. Stop loss break of $1679 (moved stop loss to break-even).

SLV, on 16-20 BUY, onpath, notxxed(true), 28 days,
-13.04% (also, 16-20 on BUY; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $17.6)
*comment: $19 was taken out. The SKI structure is bearish the target is 18.5ish (done) then sub $17.4ish (done).
NEW: The second target has been hit. The support zone should provide a bounce at least back to $19.

TIP, last signal 16-20 SELL, 2 dys, +0.64% (also, 16-20 breaking to BUY; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL, current $116.45)
*comment: TIPs are in a bearish configuration. The downside target is still around $110-111 but recent action suggests there might be a rally soon. Let's see if there is enough energy to push the price up to a new 16-20 sell signal and potentially lock in a bottom.
NEW: The price gapped up over all of the 16-20 back prices and managed to generate a 16-20 sell signal. If the signal can hold until a new 35-39 buy signal the bottom might be in.

TLT, 35-39 crossed to BUY, onpath, xxed (also, 16-20 on SELL; 35-39 breaking to SELL; 92-96 on SELL; 218-222 on SELL; current $116.82)
*comment: TLT is in a bearish configuration. The long-term target is $100ish.
NEW: $114 target has been hit and an attempt to take out $117 failed. If the price can rise over $117 and stay there for a couple of days, the bottom might have been in but for now, it seems that 35-39 rejected the move and the trend down will continue at least until the low has been tested again.
NEW: The price rose above $117 and bought 35-39. If it maintains this 35-39 buy until the new 16-20 buy it will highly increase the odds that the bottom is in. I'd say the chances are 50:50.

UCO, last signal 92-96 SELL, 6 days, +1.49% (also, 16-20 breaking to SELL; 35-39 on SELL; 92-96 breaking to BUY; 218-222 on BUY; current $38.82)
*comment: The 92-96 bull market finally ended. The SKI structure is now bearish. A rise to $44ish will make me consider a short position. The downside target is $22ish but $32 needs to be broken first which is not going to be easy.

URA, last signal 16-20 SELL, 5 days, +5.82% (also, 16-20 breaking to BUY; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $21.09)
*comment: The chart is in a bearish configuration. The first downside target is $16. The bulls need a price rise over $21 and then to hold that level (almost there).

USERX, on 16-20 BUY, onpath, xxed, 28 days, -13.65%; run pattern in-progress 2D/2U/+1.74%perday; xxing=on_off_off (also, 16-20 on BUY; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $9.17)
*comment: USERX is in a bearish configuration. The recent correction reached $10.28 the mega important level marked at the 2016 top and now this support has been broken. The first target on the downside is 9.25ish (done) and then sub $8.5ish ($8.79 so far).
NEW: The first target has been hit. I again expect a bounce to at least 10-10.2 to test the breakdown level. So far it is not happening, the fall towards the $8.5 target continues. The bull market support is positioned at $8.1ish. There are also 2 gaps on the weekly chart that haven't been closed from 2020, $8.36 and $7.22. Watch for these levels to be hit.

UUP, on 92-96 true BUY, 236 days, +13.0% (also, 16-20 breaking to BUY; 35-39 on BUY; 92-96 on BUY; 218-222 on BUY; current $28.42)
*comment: The UUP is in a bullish configuration. The $29 target has been hit. I expect a correction down to touch/break 16-20 index. It is too early to tell but in hindsight, the last two weeks might have marked a significant top.
NEW: I mentioned before that the bull market has reached 221 days cycle and that we might be in a process of forming a significant top. So far day 227 marked the top and that fits nicely with the cycle length. The drop back to 16-20 support is almost done. Now, the question is if the 16-20 can buy which would increase the chance that the UUP price is rolling over.

Australian XGD, last signal 92-96 SELL, 26 days, -14.22% (also, 16-20 breaking to SELL; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $4973)
*comment: The XGD is in a bearish configuration. The long-term support was at $5600-5800 and had been violated in a severe manner. Because of this, the whole bull market from 2015 to 2020 is now being recalibrated. The $4765 target has been hit five times and provided firm support every time. I keep adding to long positions under $5000. I am 70% long in my trading account. I will add again on down days, especially if we dive under $4700. I expect a bounce to $5400-5600 where I will sell all or part of my new acquisitions.

USERX and XGD.AX chart

 USERX

USERX long indices

XGD.AX

USERX and XGD.AX chart

 USERX

USERX long indices

XGD.AX

The State Of Indices, 26/7/2022

 SandP 500, last signal 16-20 SELL, 9 days, +4.34% (also, 16-20 on SELL; 35-39 breaking to BUY; 92-96 on SELL; 218-222 on SELL; current $3966)

*comment: S and P chart is in a bearish configuration. The $3737 level is 36 months MAV which represents the bull market support. The price needs to close below this level on a monthly basis for the crash scenario to get activated. In June this level was pierced but the close was above so we will see how the July action goes. I added to my shorts at $3900 and will add on every $200 rise up to $4400.
The downside target, for now, is $3400-3495.

HUI, last signal 92-96 SELL, 27 days, -19.32% (also, 16-20 on BUY; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $194.26)
*comment: HUI is in a bearish configuration. The $215-220 support area has been breached and needs to be recovered quickly. Again, I expect a rise at least back to touch/break 16-20 index. If not the next target is $203, then $180ish.
NEW: $203 was hit intraday on Friday the 15th. If this fall continues uninterrupted we are going down to $180. I doubt it will go straight down but I was wrong all the way to here. Everything happened much quicker than I expected.

Nasdaq, on 35-39 BUY, onpath, notxxed(true), 3 days,
-2.3% (also, 16-20 on SELL; 35-39 to NOT SELL $12081/+2.54% or higher; 92-96 on SELL; 218-222 on SELL; current $11782)
*comment: The chart is in a bearish configuration. The first downside target ($11404) has been hit the next target is $10269.
NEW: As I suspected last week Nasdaq started a rally. Target $12500?

Russell 2000, last signal 16-20 SELL, 8 days, +6.46% (also, 16-20 on SELL; 35-39 breaking to BUY; 92-96 on SELL; 218-222 on SELL; current $1817)
*comment: Russell is in a bearish configuration. The first target of $1710 has been hit, the next target is $1534.
NEW: As I suspected last week Russell started a rally. Upside target $1900ish.

10Y yield, on 92-96 BUY onpath, notxxed(true), juxtaposed, 175 days, +80.77% (also, 16-20 on BUY; 35-39 breaking to SELL; 92-96 on BUY; 218-222 on BUY; current 2.82%)
*comment: 10Y yield is in a true bull market. Yield blasted through the resistance and hit my target of 3.5%. The S and P is on the verge of a meltdown but I think it will need yields back over 3.5%.
NEW: the 35-39 bought back and rose over the long-term resistance line. An interesting setup is developing. Visually the pattern looks like a triple top is in the making but there are two scenarios. The first scenario is confirmation of the triple top which would happen if the next signal is a 16-20 sell followed by a 35-39 sell or just the next signal is a plain 35-39 sell. If this plays out it would be a perfect spot to go long bonds. The second scenario is a breakout which would happen if the next signal is a 16-20 sell which then gets broken to the upside without a 35-39 sell. In this case, doubling up on the S and P shorts would be my move. We will know which scenario played out by the end of July.

XAU, last signal 92-96 SELL (simultaneous with 16-20 BUY), 27 days, -17.43% (also, 16-20 on BUY; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $100.65)
*comment: XAU is in a bearish configuration. It generated simultaneous 16-20 buy and 92-96 sell signals. Such a combo usually marks a short-term bottom but this time it was just a pause. The recent low ($119) has been breached. The target on the downside is $100-110 but the final low might be sub-$100.
NEW: The lower boundary of the support zone is about to be tested. My projection of a sub-$100 bottom looks probable now. The final low shouldn't exceed $90-95 because that is where the long-term bull market support is. If we violate this support the whole bull market will be reconfigured.

ASA, on 16-20 BUY, onpath, notxxed(true), 27 days,
-19.55% (also, 16-20 on BUY; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $13.58)
*comment: ASA is in a bearish configuration. The support has been broken and the action is bearish. The next target on the downside is $14.82 (done).
NEW: The target has been hit but the fall continues. $13.04 has been the bottom for now. There are signs of support around this level. A rise to 16-20 sell signal is due.

Bitcoin, on 35-39 BUY, onpath, notxxed, 3 days, -2.61% (also, 16-20 on SELL; 35-39 breaking to SELL; 92-96 on SELL; 218-222 on SELL; current $21879
*comment: BTC hit my second target of $19K. The next target is $13K but first back to $24-26? Technically the measured target from the broken head and shoulders chart pattern is $3.5K(!) but the timeframe for that is probably another 12-18 months.
NEW: 35-39 on the path buy signal has been generated. I think that this signal should propel the price up to 28K but the first stop is $26K.

COPX copper miners, last signal 92-96 SELL (simultaneous with 16-20 BUY), 26 days, -19.2% (also, 16-20 on BUY; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $28.28)
*comment: The support broke down, and the $30 target has been hit. It will probably mark some kind of a bottom. A bounce to $30-32ish is expected.
NEW: The last 7 days look like an island reversal so I expect a rally to $32ish as a result.

GDX,last signal 92-96 SELL, 22 days, -14.94% (also, 16-20 on BUY; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $24.59)
*comment: The chart is in a bearish configuration. The support ($30) fell. The new leg down is underway. The target is $25ish (done).
The support at $25 is emanating from the Jan 2016 bottom so it is very important for the very long-term structure of this bull market. This is the red line that cannot be crossed without serious consequences.

GDXJ, on 16-20 BUY, onpath, notxxed(true), 26 days,
-18.66% (also, 16-20 on BUY; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $30.51)
*comment: The chart is in a bearish configuration. The $37 didn't hold, a price collapse is probable down to $26-28.
NEW: The price has entered the support zone. A bounce back to $35-36 is expected during the next few weeks. I'd be a buyer on days when the price dives below $28-29.

GLD, last signal 92-96 SELL, 19 days, -5.54% (also, 16-20 on BUY; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $160.23)
*comment: GLD chart is in bearish configuration. The $166 support was broken. The next target is $158-160 (done) (spot $1700-1720 ). $158-160 must hold for the bull market to stay inside its current parameters.
NEW: The target zone was hit ($158.03 GLD, $1681 spot gold intraday). I expect a break of support to run the stops and then a bounce to at least 16-20 sell signal. $170 resistance needs to be overcome for a longer-lasting low to be formed.
NEW: I established a long position. Will hold it until 16-20 sell. Stop loss break of $1679 (moved stop loss to break-even).

SLV, on 16-20 BUY, onpath, notxxed(true), 26 days,
-16.11% (also, 16-20 on BUY; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $16.98)
*comment: $19 was taken out. The SKI structure is bearish the target is 18.5ish (done) then sub $17.4ish (done).
NEW: The second target has been hit. The support zone should provide a bounce at least back to $19.

TIP, 16-20 crossed to SELL (also, 16-20 to BUY 113.91/
-1.56% or lower; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL, current $115.71)
*comment: TIPs are in a bearish configuration. The downside target is still around $110-111 but recent action suggests there might be a rally soon. Let's see if there is enough energy to push the price up to a new 16-20 sell signal and potentially lock in a bottom.
NEW: The price gapped up over all of the 16-20 back prices and managed to generate a 16-20 sell signal. If the signal can hold until a new 35-39 buy signal the bottom might be in.

TLT, last signal 16-20 SELL, 13 days, +3.19% (also, 16-20 on SELL; 35-39 to BUY 119.08/+1.44% or higher; 92-96 on SELL; 218-222 on SELL; current $117.39)
*comment: TLT is in a bearish configuration. The long-term target is $100ish.
NEW: $114 target has been hit and an attempt to take out $117 failed. If the price can rise over $117 and stay there for a couple of days, the bottom might have been in but for now, it seems that 35-39 rejected the move and the trend down will continue at least until the low has been tested again.
NEW: The price rose above $117 and is about to buy 35-39. Seems like the bottom is close at hand.

UCO, last signal 92-96 SELL, 4 days, -3.14% (also, 16-20 on BUY; 35-39 on SELL; 92-96 breaking to BUY; 218-222 on BUY; current $37.05)
*comment: The 92-96 bull market finally ended. The SKI structure is now bearish. A rise to $44ish will make me consider a short position. The downside target is $22ish but $32 needs to be broken first which is not going to be easy.

URA, last signal 16-20 SELL, 3 days, -1.05% (also, 16-20 breaking to BUY; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $19.72)
*comment: The chart is in a bearish configuration. The first downside target is $16. The bulls need a price rise over $21 and then to hold that level.

USERX, on 16-20 BUY, onpath, xxed, 26 days, -16.57%; run pattern in-progress 1U/2D/-0.78%perday; xxing=on_off_off (also, 16-20 on BUY; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $8.86)
*comment: USERX is in a bearish configuration. The recent correction reached $10.28 the mega important level marked at the 2016 top and now this support has been broken. The first target on the downside is 9.25ish (done) and then sub $8.5ish.
NEW: The first target has been hit. I again expect a bounce to at least 10-10.2 to test the breakdown level. So far it is not happening, the fall towards the $8.5 target continues. The bull market support is positioned at $8.1ish. There are also 2 gaps on the weekly chart that haven't been closed from 2020, $8.36 and $7.22. Watch for these levels to be hit.

UUP, on 92-96 true BUY, 234 days, +13.08% (also, 16-20 on SELL; 35-39 on BUY; 92-96 on BUY; 218-222 on BUY; current $28.44)
*comment: The UUP is in a bullish configuration. The $29 target has been hit. I expect a correction down to touch/break 16-20 index. It is too early to tell but in hindsight, the last two weeks might have marked a significant top.
NEW: I mentioned before that the bull market has reached 221 days cycle and that we might be in a process of forming a significant top. So far day 227 marked the top and that fits nicely with the cycle length. The drop back to 16-20 support is almost done. Now, the question is if the 16-20 can buy which would increase the chance that the UUP price is rolling over.

Australian XGD, last signal 92-96 SELL, 24 days, -13.7% (also, 16-20 breaking to SELL; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $5003)
*comment: The XGD is in a bearish configuration. The long-term support was at $5600-5800 and had been violated in a severe manner. Because of this, the whole bull market from 2015 to 2020 is now being recalibrated. The $4765 target has been hit five times and provided firm support every time. I keep adding to long positions under $5000. I am 60% long in my trading account. I will add again on down days, especially if we dive under $4700. I expect a bounce to $5400-5600 where I will sell all or part of my new acquisitions.

USERX and XGD.AX chart

 USERX

USERX long indices

XGD.AX

USERX and XGD.AX chart

 USERX

USERX long indices

XGD.AX

The State Of Indices, 22/7/2022

 SandP 500, last signal 16-20 SELL, 7 days, +5.19% (also, 16-20 on SELL; 35-39 breaking to BUY; 92-96 on SELL; 218-222 on SELL; current $3998)
*comment: S and P chart is in a bearish configuration. The $3737 level is 36 months MAV which represents the bull market support. The price needs to close below this level on a monthly basis for the crash scenario to get activated. In June this level was pierced but the close was above so we will see how the July action goes. I added to my shorts at $3900 and will add on every $200 rise up to $4400.
The downside target, for now, is $3400-3495.

HUI, last signal 92-96 SELL, 25 days, -15.56% (also, 16-20 on BUY; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $203.31)
*comment: HUI is in a bearish configuration. The $215-220 support area has been breached and needs to be recovered quickly. Again, I expect a rise at least back to touch/break 16-20 index. If not the next target is $203, then $180ish.
NEW: $203 was hit intraday on Friday the 15th. If this fall continues uninterrupted we are going down to $180. I doubt it will go straight down but I was wrong all the way to here. Everything happened much quicker than I expected. If I was trading HUI I'd be a buyer here, stop loss break of $199.

Nasdaq, 35-39 BUY executed today, onpath, notxxed(true) (also, 16-20 on SELL; 35-39 breaking to SELL; 92-96 on SELL; 218-222 on SELL; current $12059)
*comment: The chart is in a bearish configuration. The first downside target ($11404) has been hit the next target is $10269.
NEW: As I suspected last week Nasdaq started a rally. Target $12500?

Russell 2000, last signal 16-20 SELL, 6 days, +7.57% (also, 16-20 on SELL; 35-39 to BUY $1855/+1.01% or higher; 92-96 on SELL; 218-222 on SELL; current $1836)
*comment: Russell is in a bearish configuration. The first target of $1710 has been hit, the next target is $1534.
NEW: As I suspected last week Russell started a rally. Upside target $1900ish.

10Y yield, on 92-96 BUY onpath, notxxed(true), juxtaposed, 173 days, +86.54% (also, 16-20 on BUY; 35-39 on BUY; 92-96 on BUY; 218-222 on BUY; current 2.91%)
*comment: 10Y yield is in a true bull market. Yield blasted through the resistance and hit my target of 3.5%. The S and P is on the verge of a meltdown but I think it will need yields back over 3.5%.
NEW: the 35-39 bought back and rose over the long-term resistance line. An interesting setup is developing. Visually the pattern looks like a triple top is in the making but there are two scenarios. The first scenario is confirmation of the triple top which would happen if the next signal is a 16-20 sell followed by a 35-39 sell or just the next signal is a plain 35-39 sell. If this plays out it would be a perfect spot to go long bonds. The second scenario is a breakout which would happen if the next signal is a 16-20 sell which then gets broken to the upside without a 35-39 sell. In this case, doubling up on the S and P shorts would be my move. We will know which scenario played out by the end of July.

XAU, last signal 92-96 SELL (simultaneous with 16-20 BUY), 25 days, -14.36% (also, 16-20 on BUY; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $104.39)
*comment: XAU is in a bearish configuration. It generated simultaneous 16-20 buy and 92-96 sell signals. Such a combo usually marks a short-term bottom but this time it was just a pause. The recent low ($119) has been breached. The target on the downside is $100-110 but the final low might be sub-$100.
NEW: The lower boundary of the support zone is about to be tested. My projection of a sub-$100 bottom looks probable now.

ASA, on 16-20 BUY, onpath, notxxed(true), 25 days,
-18.25% (also, 16-20 on BUY; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $13.8)
*comment: ASA is in a bearish configuration. The support has been broken and the action is bearish. The next target on the downside is $14.82 (done).
NEW: The target has been hit but the fall continues. $13.04 has been the bottom for now. There are signs of support around this level. A rise to 16-20 sell signal  is due.

Bitcoin, last signal 16-20 SELL, 4 days, +2.37% (also, 16-20 on SELL; 35-39 to NOT BUY 22206/-3.53% or lower; 92-96 on SELL; 218-222 on SELL; current $23018
*comment: BTC hit my second target of $19K. The next target is $13K but first back to $24-26? Technically the measured target from the broken head and shoulders chart pattern is $3.5K(!) but the timeframe for that is probably another 12-18 months.
NEW: 35-39 is on the verge of generating a non xxed on the path buy signal. I think, if generated, this signal should propel the price up to 28K.

COPX copper miners, last signal 92-96 SELL (simultaneous with 16-20 BUY), 24 days, -19.26% (also, 16-20 on BUY; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $28.26)
*comment: The support broke down, and the $30 target has been hit. It will probably mark some kind of a bottom. A bounce to $30-32ish is expected.
NEW: The last 7 days look like an island reversal so I expect a rally to $32ish as a result.  

GDX,last signal 92-96 SELL, 20 days, -10.97% (also, 16-20 on BUY; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $25.74)
*comment: The chart is in a bearish configuration. The support ($30) fell. The new leg down is underway. The target is $25ish (done).
The support at $25 is emanating from the Jan 2016 bottom so it is very important for the very long-term structure of this bull market. This is the red line that cannot be crossed without serious consequences.

GDXJ, on 16-20 BUY, onpath, notxxed(true), 24 days,
-16.77% (also, 16-20 on BUY; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $31.22)
*comment: The chart is in a bearish configuration. The $37 didn't hold, a price collapse is probable down to $26-28.
NEW: The price has entered the support zone. A bounce back to $35-36 is expected during the next few weeks. I'd be a buyer on days when the price dives below $29.

GLD, last signal 92-96 SELL, 17 days, -5.51% (also, 16-20 on BUY; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $160.27)
*comment: GLD chart is in bearish configuration. The $166 support was broken. The next target is $158-160 (done) (spot $1700-1720 ). $158-160 must hold for the bull market to stay inside its current parameters.
NEW: The target zone was hit ($158.03 GLD, $1681 spot gold intraday). I expect a break of support to run the stops and then a bounce to at least 16-20 sell signal. $170 resistance needs to be overcome for a longer-lasting low to be formed.
NEW: I established a long position. Will hold it until 16-20 sell. Stop loss break of $1679.

SLV, on 16-20 BUY, onpath, notxxed(true), 24 days,
-14.03% (also, 16-20 on BUY; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $17.19)
*comment: $19 was taken out. The SKI structure is bearish the target is 18.5ish (done) then sub $17.4ish (done).
NEW: The second target has been hit. The support zone should provide a bounce at least back to $19.

TIP, on 16-20 BUY, onpath, notxxed(true), 34 days, -2.27% (also, 16-20 breaking to SELL; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL, current $114.96)
*comment: TIPs are in a bearish configuration. The downside target is still around $110-111 but recent action suggests there might be a rally soon. Let's see if there is enough energy to push the price up to a new 16-20 sell signal and potentially lock in a bottom.

TLT, last signal 16-20 SELL, 11 days, +2.49% (also, 16-20 on SELL; 35-39 breaking to BUY; 92-96 on SELL; 218-222 on SELL; current $116.59)
*comment: TLT is in a bearish configuration. The long-term target is $100ish.
NEW: $114 target has been hit and an attempt to take out $117 failed. If the price can rise over $117 and stay there for a couple of days, the bottom might have been in but for now, it seems that 35-39 rejected the move and the trend down will continue at least until the low has been tested again.

UCO, last signal 92-96 SELL, 2 day, -5.12% (also, 16-20 on BUY; 35-39 on SELL; 92-96 breaking to BUY; 218-222 on BUY; current $36.29)
*comment: The 92-96 bull market finally ended. The SKI structure is now bearish. A rise to $40-42 will make me consider a short position. The downside target is $22ish but $32 needs to be broken first which is not going to be easy.

URA, 16-20 SELL executed today (also, 16-20 breaking to BUY; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $19.93)
*comment: The chart is in a bearish configuration. The first downside target is $16. The bulls need a price rise over $21 and then to hold that level.

USERX, on 16-20 BUY, onpath, xxed, 24 days, -15.25%; run pattern in-progress 1D/1U/+2.04%perday; xxing=on_off_off (also, 16-20 on BUY; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $9.0)
*comment: USERX is in a bearish configuration. The recent correction reached $10.28 the mega important level marked at the 2016 top and now this support has been broken. The first target on the downside is 9.25ish (done) and then sub $8.5ish.
NEW: The first target has been hit. I again expect a bounce to at least 10-10.2 to test the breakdown level. So far it is not happening, the fall towards the $8.5 target continues.

UUP, on 92-96 true BUY, 232 days, +13.4% (also, 16-20 on SELL; 35-39 on BUY; 92-96 on BUY; 218-222 on BUY; current $28.52)
*comment: The double top scenario didn't pan out, instead the resistance was broken to the upside. The next target is $29ish (done).
NEW: The $29 target has been hit. I expect a correction down to touch/break 16-20 index in the next few weeks. It is too early to tell but in hindsight, the last week might have marked a significant top.

Australian XGD, last signal 92-96 SELL, 22 days, -15.13% (also, 16-20 on BUY; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $4920)
*comment: The 92-96 buy didn't last for long. $5600-5800 critical area of support has been breached. The next target is $4765 (done).
The long-term support is at $5600-5800 and has been violated in a severe manner. Because of this, the whole bull market from 2015 to 2020 is now being recalibrated. The $4765 target has been hit five times and provided firm support every time. I keep adding to long positions under $5000. I am 60% long in my trading account. Will add again on down days, especially if we dive under $4700. I expect a bounce to $5400-5600 where I will sell all or part of my new acquisitions.

USERX and XGD.AX chart

 USERX

USERX long indices

XGD.AX

The State Of Indices, 21/7/2022

 SandP 500, last signal 16-20 SELL, 6 days, +4.16% (also, 16-20 on SELL; 35-39 breaking to BUY; 92-96 on SELL; 218-222 on SELL; current $3959)

*comment: S and P chart is in a bearish configuration. The $3737 level is 36 months MAV which represents the bull market support. The price needs to close below this level on a monthly basis for the crash scenario to get activated. In June this level was pierced but the close was above so we will see how the July action goes. I added to my shorts at $3900 and will add on every $200 rise up to $4400.
The downside target, for now, is $3400-3495.

HUI, last signal 92-96 SELL, 24 days, -16.63% (also, 16-20 on BUY; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $200.74)
*comment: HUI is in a bearish configuration. The $215-220 support area has been breached and needs to be recovered quickly. Again, I expect a rise at least back to touch/break 16-20 index. If not the next target is $203, then $180ish.
NEW: $203 was hit intraday on Friday the 15th. If this fall continues uninterrupted we are going down to $180. I doubt it will go straight down but I was wrong all the way to here. Everything happened much quicker than I expected. If I was trading HUI I'd be a buyer here, stop loss break of $199.

Nasdaq, 35-39 crossed to BUY, onpath, notxxed(true) (also, 16-20 on SELL; 35-39 breaking to SELL; 92-96 on SELL; 218-222 on SELL; current $11897)
*comment: The chart is in a bearish configuration. The first downside target ($11404) has been hit the next target is $10269.
NEW: As I suspected last week Nasdaq started a rally. Target $12500?

Russell 2000, last signal 16-20 SELL, 5 days, +7.05% (also, 16-20 breaking to BUY; 35-39 to BUY $1864/+2.0% or higher; 92-96 on SELL; 218-222 on SELL; current $1827)
*comment: Russell is in a bearish configuration. The first target of $1710 has been hit, the next target is $1534.
NEW: As I suspected last week Russell started a rally. Upside target $1900ish.

10Y yield, on 92-96 BUY onpath, notxxed(true), juxtaposed, 172 days, +94.62% (also, 16-20 on BUY; 35-39 breaking to SELL; 92-96 on BUY; 218-222 on BUY; current 3.04%)
*comment: 10Y yield is in a true bull market. Yield blasted through the resistance and hit my target of 3.5%. The S and P is on the verge of a meltdown but I think it will need yields back over 3.5%.
NEW: the 35-39 bought back and rose over the long-term resistance line. An interesting setup is developing. Visually the pattern looks like a triple top is in the making but there are two scenarios. The first scenario is confirmation of the triple top which would happen if the next signal is a 16-20 sell followed by a 35-39 sell or just the next signal is a plain 35-39 sell. If this plays out it would be a perfect spot to go long bonds. The second scenario is a breakout which would happen if the next signal is a 16-20 sell which then gets broken to the upside without a 35-39 sell. In this case, doubling up on the S and P shorts would be my move. We will know which scenario played out by the end of July.

XAU, last signal 92-96 SELL (simultaneous with 16-20 BUY), 24 days, -15.49% (also, 16-20 on BUY; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $103.02)
*comment: XAU is in a bearish configuration. It generated simultaneous 16-20 buy and 92-96 sell signals. Such a combo usually marks a short-term bottom but this time it was just a pause. The recent low ($119) has been breached. The target on the downside is $100-110 but the final low might be sub-$100.
NEW: The lower boundary of the support zone is about to be tested. My projection of a sub-$100 bottom looks probable now.

ASA, on 16-20 BUY, onpath, notxxed(true), 24 days,
-20.56% (also, 16-20 on BUY; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $13.41)
*comment: It officially is in a bearish configuration. The support has been broken and the action is bearish. The next target on the downside is $14.82 (done).
NEW: The target has been hit but the fall continues. The next objective target is 11.80ish!?

Bitcoin, last signal 16-20 SELL, 3 days, +4.86% (also, 16-20 on SELL; 35-39 breaking to BUY; 92-96 on SELL; 218-222 on SELL; current $23578
*comment: BTC hit my second target of $19K. The next target is $13K but first back to $24-26? Technically the measured target from the broken head and shoulders chart pattern is $3.5K(!) but the timeframe for that is probably another 12-18 months.

COPX copper miners, last signal 92-96 SELL (simultaneous with 16-20 BUY), 23 days, -19.31% (also, 16-20 on BUY; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $28.24)
*comment: The support broke down, and the $30 target has been hit. It will probably mark some kind of a bottom. A bounce to $30-32ish is expected.

GDX,last signal 92-96 SELL, 19 days, -12.63% (also, 16-20 on BUY; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $25.26)
*comment: The chart is in a bearish configuration. The support ($30) fell. The new leg down is underway. The target is $25ish (done).
The support at $25 is emanating from the Jan 2016 bottom so it is very important for the very long-term structure of this bull market. This is the red line that cannot be crossed.

GDXJ, on 16-20 BUY, onpath, notxxed(true), 23 days,
-19.22% (also, 16-20 on BUY; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $30.3)
*comment: The chart is in a bearish configuration. The $37 didn't hold, a price collapse is probable down to $26-28.
NEW: The price has entered the support zone. A bounce back to $35-36 is expected during the next few weeks. I'd be a buyer on days when the price dives below $29.

GLD, last signal 92-96 SELL, 16 days, -6.83% (also, 16-20 on BUY; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $158.04)
*comment: GLD chart is in bearish configuration. The $166 support was broken. The next target is $158-160 (spot $1700-1720 ). $158-160 must hold for the bull market to stay inside its current parameters.
NEW: The target zone was hit ($158.02 GLD, $1692 spot gold intraday). I expect a break of support to run the stops and then a bounce to at least 16-20 sell signal. $170 resistance needs to be overcome for a longer-lasting low to be formed.

SLV, on 16-20 BUY, onpath, notxxed(true), 23 days,
-15.07% (also, 16-20 on BUY; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $17.19)
*comment: $19 was taken out. The SKI structure is bearish the target is 18.5ish (done) then sub $17.4ish (done).
NEW: The second target has been hit. The support zone should provide a bounce at least back to $19.

TIP, on 16-20 BUY, onpath, notxxed(true), 33 days, -2.87% (also, 16-20 breaking to SELL; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL, current $114.25)
*comment: TIPs are in a bearish configuration. The downside target is still around $110-111 but recent action suggests there might be a rally soon. Let's see if there is enough energy to push the price up to a new 16-20 sell signal and potentially lock in a bottom.

TLT, last signal 16-20 SELL, 10 days, +0.75% (also, 16-20 on SELL; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $114.61)
*comment: TLT is in a bearish configuration. The long-term target is $100ish.
NEW: $114 target has been hit and an attempt to take out $117 failed. If the price can rise over $117 and stay there for a couple of days, the bottom might have been in but for now, it seems that 35-39 rejected the move and the trend down will continue at least until the low has been tested again.

UCO, 92-96 SELL executed today (also, 16-20 on BUY; 35-39 on SELL; 92-96 breaking to BUY; 218-222 on BUY; current $38.25)
*comment: The 92-96 bull market finally ended. The SKI structure is now bearish. A rise to $40-42 will make me consider a short position. The downside target is $22ish but $32 needs to be broken first which is not going to be easy.

URA, 16-20 crossed to SELL (also, 16-20 breaking to BUY; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $20.27)
*comment: The chart is in a bearish configuration. The first downside target is $16. The bulls need a price rise over $21 and then to hold that level.

USERX, on 16-20 BUY, onpath, xxed, 23 days, -16.95%; run pattern in-progress 2U/1D/-1.78%perday; xxing=on_off_off (also, 16-20 on BUY; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $8.82)
*comment: USERX is in a bearish configuration. The recent correction reached $10.28 the mega important level marked at the 2016 top and now this support has been broken. The first target on the downside is 9.25ish (done) and then sub $8.5ish.
NEW: The first target has been hit. I again expect a bounce to at least 10-10.2 to test the breakdown level. So far it is not happening, the fall towards the $8.5 target continues.

UUP, on 92-96 true BUY, 231 days, +13.72% (also, 16-20 on SELL; 35-39 on BUY; 92-96 on BUY; 218-222 on BUY; current $28.6)
*comment: The double top scenario didn't pan out, instead the resistance was broken to the upside. The next target is $29ish (done).
NEW: The $29 target has been hit. I expect a correction down to touch/break 16-20 index in the next few weeks. It is too early to tell but in hindsight, the last five days might have marked a significant top.

Australian XGD, last signal 92-96 SELL, 21 days, -16.25% (also, 16-20 on BUY; 35-39 on SELL; 92-96 on SELL; 218-222 on SELL; current $4855)
*comment: The 92-96 buy didn't last for long. $5600-5800 critical area of support has been breached. The next target is $4765 (done).
The long-term support is at $5600-5800 and has been violated in a severe manner. Because of this, the whole bull market from 2015 to 2020 is now being recalibrated. The $4765 target has been hit for five days in a row and provided firm support every time. I keep adding to long positions under $5000. I am back from 60% to 50% long since I sold some positions for profit taking. Will add again on down days, especially if we dive under $4700. I expect a bounce to $5400-5600 where I will sell all or part of my new acquisitions.