The charts are giving indications that many indices, asset classes and specific ones will be flipping their trends beginning early to middle of next week. Two that have been interesting, Oil and the USD, because I am not sure if the rising dollar has been driving oil or rising oil has been driving the dollar.

While a good chicken and egg question, it doesn’t matter. I think both will be heading down (USD appears to have already topped) by the end of next week. Given that gold and silver have bucked the headwind from the recent dollar strength, they will now be gaining a tail wind or at least no wind if the dollar even just trades sideways.