BraVoCycles

GDX - Weekly Chart Cycles

• The longer cycles from the weekly chart are pointing down.
• So, a potential bounce suggested by the daily cycle composite is likely a counter-trend move.
• I only trade counter-trend moves when I watch the instrument daily and have a reliable EW count, and possibly scalp when I get cycle price projections.
• But as a general principle, one should look to take position when both daily and weekly chart cycles point in the same direction.

S&P 500 New Highs vs New Lows % (monthly)

We’re seeing clear range compression — the swings are getting smaller.

This is classic late-cycle behavior: fewer stocks participating in the rally, even as the major indexes make new highs.

Narrow breadth + extreme concentration = higher risk.

Worth watching closely, it will break out of this triangle, eventually.

Gold (GC) - Cycles

·         A combination of Short, Long, and Very-Long cycles suggests down.

·         The nominal 40D cycle will likely dominate short-term swings up and down.

Bitcoin - Cycles

• L + VL cycles suggest higher toward mid-July, then down again.
• BTC is trying to get back inside the 83-TD channel, which would be a bullish development.