Here’s the US Dollar Index, which still looks long-term bullish.

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Here are some younger stocks which have either completed bullish bases or seem very close to doing so.

Until late 2021, Nvidia was seen as the place to go get GPUs to do crypto mining. Thus, it was tied pretty closely to whatever Bitcoin was doing, with respect to price action. That has changed, as you can see in this layered chart. The new paradigm for Nvidia is now, quite obviously, AI, and it cares not one whit was BTC is doing anymore, as the enormous spread demonstrates.

The gold and silver Commitments of Traders, as tracked each week in NFTRH leading into the correction, indicated a potential for a coming decline in gold, silver and the gold miners. A correction, not the end of the bull phase by this sentiment measure. CoT was overdone, but not extreme to a bull killer degree.
This as the macro fundamentals had been positive since late 2022 and gold miners’ technical situation bullish, but in doubt as to the ability to continue upward in the near-term.
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