This Week In Charts Episode 3: Many Commodity Prices Going Parabolic, Market Leading Stocks Tanking

By Wall St. For Main St. / May 02, 2021 / marketsanity.com / Article Link

In Episode #3 of This Week in Charts, Aaron talks about the short, medium and long term technicals for the Dollar Index (DXY). Aaron talks about how the Dollar is being managed lower as it stays in a 6 year trading range aka the Dollar Tug of War. Many commodities prices are making new all time highs like copper, or their charts are going parabolic lately like corn futures or lumber. Aaron talks about the lumber to gold ratio and how gold's correction is probably over and gold is headed to $1,900/oz soon. Aaron also talks about how market leading US stocks (not the indexes) are now breaking down and this may spell a large stock market crash in the Us in the months to come if this continues.

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