What a shocker, but the week isn’t over yet. First up, support looks to be in the $15.95 region. Anything more than a short, sharp spike below that, and I’ll be a) very surprised, and b) shitting my pants. Here’s the chart…

Assuming I don’t need a trip to the dry cleaners, this chart shows a similar set up in the past…

 

 

However, looking more closely, I think we need to go back a few years, closer to the start of the last bull. It makes sense, that if we really are in those early stages, we may have been in a similar position back then. Guess what ? We were…

 

 

The similarities are striking, wouldn’t you agree ? The apex in my first chart closes up in the Summer. Interestingly, the dollar is hovering just above a key technical level (the 200 day moving average). Simultaneous moves are looking to be on the cards, in several markets. This is a key point, and a classic ‘point of recognition’. If and when we cross those thresholds, some very big moves will follow. Just look at the chart above. Silver nearly doubled in value very quickly. Hi ho Silver 😉