The author believes gold and the S&P may face a pullback or consolidation, while cryptocurrencies and small caps are expected to outperform the broader market.
I really don't have all the answers guys and like I frequently maintain, I am not macro economist / analyst. But just looking at these collection of charts, is there anyone out there seeing this potential scenario?
With $GOLD & $SPX seemingly reaching macro channel tops (SPX has a little more room)
Could we see a bigger correction in Gold and a bigger range form for SPX while $RTY, smalls and Crypto go on a run and outperform? RTY has been printing yearly HPLs after a multi year down trend vs SPX and has already started to show some strength. Vs Gold it appears to have arrived at a macro support level with room to grow to the upside.
Do you see a scenario in which SPX goes flat, Gold corrects while small caps and Crypto have a run for sometime?
For a massive market wide crash scenario, obviously small caps and Crypto should fall harder, which is hard to see it do from here considering how oversold they are relative to Gold and SPX already?