Nasdaq. Weekly chart.
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General Franco is still dead, and the trendline is still broken.
Contrast the SP500
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Depending on how you draw the trendline, its either broken, or in trouble. One to watch.
Next is one I've done a lot of handwringing about--CME
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Looks like this one is also broken, and based on the volume at the higher prices ("bagholders"), I think there is fuel for a further downtrend.
Now contrast the CRB
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Pullback in an uptrend.
Next is gold.
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Hugging the trendline. Don't sell the Krugerrands-yet.
VIX
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Maybe trying for a pop, but not quite yet.
Finally, the USD
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This is starting to get interesting. It will take a solid move above 85, but I think this downtrend is in as much jeopardy as its ever been.
Have a great week everyone!
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