Looks like stocks put in a bottom today in the recent pullback / consolidation. After being down big earlier in the day, it rallied back strong and put in a 'hammer' candlestick, which is often seen at bottoms. I figure the tech stocks will have an oversold bounce, but then could weaken again as the rotation out of growth and into cyclicals continues.
Gold looks like it may just continue to drift lower. A 50% retracement of the huge 2019-20 move would put gold at 1650, so I'm figuring it will likely form a bottom between 1600-1700. It might even get into the 1500s, but anything in the low-mid 1600s might be a great area to add/accumulate.
Silver had been holding up relatively well, but may be starting to join gold lower. Support on the chart is 24 and then 22.
