It sure feels like the floodgates are about to open. With gold and silver exploding higher and Central Banks promising to flood the world with liquidity, it feels like "risk" asset prices are poised to push higher. All that said, there are a few charts that appear to be near resistance points. It's reason enough give me pause, if just for a moment...
Nasdaq's QQQ appears to be at the tip of rising (bearish) wedge:
Commodities (with DBC as my proxy) are also testing falling trend line resistance:
And finally, FCX, a gold and copper miner which can be a useful indicator of global inflationary pressure, is also testing falling trend line resistance.
Break though's to the upside of these charts would appear to confirm the extreme bullishness that has swept equity markets in recent days.