Thanks for the brief comment on each chart and your overall perspective on a 'low volume short covering rally" which I have noticed as well in the SPY and DIA indexes.
One comment on the gold H&S: Edwards and MaGee, the tech bible editors, make it clear that a valid H&S top has less volume on the rally to the head than on the left shoulder; this does not appear to be the case with your GLD chart. Still, I agree GLD looks toppy. A multiyear chart shows a triple top at these levels over the last 16 months.
Just a few comments and suggestions for improvement....
(1) It would help to have fewer charts and more comment on how they speak with one voice (or do NOT, as the case may be. Brevity is the soul of analysis....
(2) I notice you have overlooked currencies in this blast of charts. UUP and FXE would be helpful.
Thursday Outlook: Commodities, Emerging Markets [View article]
One comment on the gold H&S: Edwards and MaGee, the tech bible editors, make it clear that a valid H&S top has less volume on the rally to the head than on the left shoulder; this does not appear to be the case with your GLD chart. Still, I agree GLD looks toppy. A multiyear chart shows a triple top at these levels over the last 16 months.
Friday Outlook: Commodities, Emerging Markets [View article]
Rock on!
cyclingscholar
Tuesday Outlook: Commodities, Emerging Markets [View article]
(1) It would help to have fewer charts and more comment on how they speak with one voice (or do NOT, as the case may be. Brevity is the soul of analysis....
(2) I notice you have overlooked currencies in this blast of charts. UUP and FXE would be helpful.
rock on.