Testing 4-3-2-1

[stiv]

Daily charts are on usual CCI34 and CCI100 sells below zero. Short term breadth failed at lower highs.













Copper needs to hold 3.2.


Energy stocks are breaking down but crude is trying to hold its 200dMA.



54



Goldstuff below shows a ray of hope with XAU bouncing support near 190 and GLD bouncing near 160. Portfolio took GDX positions today but a likely recession could see these much lower; PRPFX provides more cautious exposure with a bond cushion.



[img]stockcharts.com/c-sc/sc?s=$XAU&p=W&yr=2&mn=0&dy=0&i=p35108659191&r=7866
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Dollar above needs to fail upper 78s resistance to keep goldbugs happy. Usual charts follow. Good luck trading, Don