$BTC - In 2023 there were 3 intermediate term lows: in March, June and September. It 2024 it made an intermediate term high in March so it looks like we have an inversion from 2023. The next IT high is likely to occur in the 2nd week of June and be higher than the March high.

$Silver - The next weekly resistance level is 35.40. That's the minimal target for an end of June top. The 2nd resistance level and a potential target is the 2012 high at 37.49. Needless to say that silver won't drop below 30 by the end of Q2.

Apparently, MFHoz's opinions about geo politics are as detached from reality as his opinions about the stock market.
x.com/MFHoz/status/1…

$SPX - The next 24/48 day cycle low is due on May 23. The pullbacks in January and March lasted only 3-4 days so a new high tomorrow is still possible. The top will be confirmed only when it closes below the 10 day MA. The pulllback is likely to be around 100 points.

$TLT - 3rd up week in a row but it hasn't confirmed that it made an intermediate term low yet. A close above the 20 week MA will confirm that the April low was a wave B low and that a wave C up into July/August is in progress. The target for a summer high is 109-110.

$TSLA - There are about 3 more weeks of upside until the next 21-24 week cycle high that is likely to occur in June. Unless Elon Musk pulls a rabbit out of the hat it seems unlikely that TSLA will exceed 199 by much, if at all, by its next intermediate term high.

$NVDA - The earnings on Wednesday will determine whether it's headed to a new ATH or not. I expect a negative reaction to earnings that would result in a longer corrective pattern from the March high, like a flat or a triangle.

$UNG - The breakout above 17.96 confirms that the April low was an IT low and possibly the 4 year cycle low but that will be confirmed only after a close above the 50 week MA. In 2020 it seemed that the June low was the 4YCL but it eventually made a lower low in December.

$Silver - The next intermediate term high is due at the next 30 week cycle high in the 1st week of July. Applying the measured move from 2020(in points) to the September 2022 or October 2023 lows generates 2 potential price targets: the 1st one is 35.77, the 2nd one is 38.88.

$Gold hasn't broken the April high yet but given silver's breakout it should do it soon too. The next intermediate term high is due at the next 30 week cycle high in the 1st week of July. In 2020 it rallied 43%. Applying the same move starting at the Oct 2023 low targets 2584.

$Copper - Managed to recover the intraday loss from Wednesday and close near the high of the week. That means that a higher high is coming next week. The 14 week RSI closed at its highest level since May 2021. A red candle with an upper wick would signal an intermediate term top.

$DXY - The next 24 week cycle low is due in the 2nd week of June. As time passes it's becoming more and more likely that the technical pattern since the July 2023 low has been a contracting triangle. The wave D low in June will be followed by a wave E into September/October.

$DJI - The Dow hit 40K for the 1st time. The 1st time it hit 10K was in March 1999. Made a major top in January 2000. The 1st time it hit 20K was in January 2017. Made a major top in January 2018. The 1st time it hit 30K was in November 2020. Made a major top in January 2022.

$NDX - Yesterday's high was at the ideal level for a wave 3 top, the 1.618 extension of wave 1. There's a 24 day cycle low that is due on May 23 and that's when the wave 4 low is likely to occur. The ideal level for a low is around 18130.

$GDX - The 2023 high was broken earlier than expected. In the most bullish case, the rally may continue until early August, though it's likely to be a double top with the 1st top occuring in early July. The next resistance level is the 2022 high at 41.60.

$Silver - It looks like I was wrong about no breakout above 30 in May. It's currently at 30.33 but keep in mind that on February 1 2021 it traded above 30 intraday but closed the day below 29, so the breakout will be genuine only if it closes the day and the week above 30.

About as intriguing as Jake's inverse head & shoulders chart from January.
x.com/Jake__Wujastyk…

$SPX - The intraday high was 5325. The top of wave 3 off the April low may be in though it has to follow through with another down day tomorrow. If it doesn't close lower it may still reach the 2.0 extension of wave 1 at 5350. If the top is in a potential wave 4 target is 5225.

$QCOM - Finally made a new all time high, 28 months after the previous one in January 2022. The cup is complete, now it's time for a handle that would take it down to 176-77. The upside target after the expected breakout in Q3 could be as high as 285.

$BTC - Closed above the 50 day MA yesterday which confirms that it made a multi week low on May 1. It's likely to make a new all time high by June but just like in July 2023 that high will probably be only a marginal new high, around 75K.