Quick Markets Update
$USD $GDX
Just one chart tonight. As you know we’ve been following the US dollar – GDX combo chart looking for a resolution of the small rectangle pattern that’s been forming on the US Dollar. Today we got that resolution to the upside which in turn forced the GDX and the rest of the PM complex lower.
The real question now becomes what’s the US dollar going to do when it reaches the top rail of the July 2025 expanding triangle. By reaching the top trend line that will complete the 5th reversal point technically putting the expanding triangle into the reversal pattern to the upside category.
There will then have to be the breakout to complete the pattern. If the top trend line can hold resistance the expanding triangle can still be a consolidation pattern to the downside once the bottom trend line gives way and the long term bull market for the PM complex will be back in play.
Also, if the top trend line can hold resistance then the GDX will find its low which could be a long term low depending on what the US dollar ends up doing with the nearly one year trading range. For the near term there are more questions than answers. I’ll have more in the Weekend Report…All the best…Rambus
$GDX H&S BREAKOUT!!!
We’ve been waiting the last 13 days for the neckline to finally give way. Today we got a big breakout gap, completing the H&S top.
Keep in mind this H&S top has formed at the all time highs made in January of this year, reversing the once in a lifetime rally we enjoyed for several years. This H&S top isn’t exclusive to just the GDX, but all of the PM stock indexes have broken down below their neckline today as well. A new impulse leg to the downside is now underway, with the exception of a possible backtest to the neckline from below. All the best…Rambus
Just a quick update on $WTIC.
Last week WTIC broke out below the bottom trend line of the 5 point triangle reversal pattern and this week a backtest to the 50 day sma. As long as the price action stays below the apex of the triangle the bears are in charge. Is this 5 point triangle reversal pattern suggesting the war with Iran is coming to an end?
#IranWar #StockMarket #Trading
The PM complex is at a very critical inflection point right now where it could break hard in either direction. The US dollar is going to be key which is stalling at the top of a short term trading range. If the US dollar starts to fall that should be bullish for the PM complex in general. All the best…Rambus
$USD
@RambusChart@RambusChart based on your update today, I am also concerned and not feeling confident at all about the bulls "setting the plate" as you say. I'm pulling cash out again for a clearer and brighter day...
If the small April trading range breaks out to the upside then yes that would be very bearish for the PM complex. There is a small 4 point triangle which is currently testing the bottom trend line on the GDX. If the breakout comes to the downside the measured move price objective will be down to the 60 area. It’s time for the bulls to setup to the plate. All the best…Rambus
It has now been six days since the PM complex put in that small double bottom reversal pattern with that massive rally last Wednesday. That rally completed the small double bottom reversal pattern, which has formed an important low in the new consolidation pattern. Today marked the third day of the breaking out and backtesting process, which is normal.
Wednesday Report: Has the PM Complex Only Reached the Halfway Point Since the 2024 Low!
Read my latest article that has been published over at Rambus Chartology and Rambus on Substack
$CDNX $HUI
A Quick Markets Update has been posted at Rambus Chartology 📈
Yesterday, we saw the breakout above the top trend line of the February triangle consolidation pattern. Today, we saw the initial backtest to the top trend line, which was a bit strong in a few cases, but the backtest held support.
***We have bought 14 precious metals stocks over the past two days .
Follow along with me over at Rambus Chartology.
#PreciousMetals #StockPortfolio #Trading
My Weekend Report has been published 🚨
Head over to Rambus on Substack or my main site Rambus Chartology to read it .
Links to the article are in this comment section 👇
Important Update on the PM Complex and US Stock Markets.
Tonight we’ll look at the PM complex where I’ll try to paint a picture of what is possible, and then we’ll look at the US stock markets and the recent developments that could be bullish.
When we look at the PM complex tonight, I need you to pretend you’ve been living in an isolation booth and haven’t read or heard anything about what has been taking place. It’s important to keep an open mind and not be influenced by any outside information, and then when we’re done, you can go back to your regular scheduled programming.
We’ll start with the short-term time frame, which shows the double top and how it formed, and then we’ll add each piece of the puzzle one piece at a time to hopefully complete the puzzle in a way that may make sense to you. Before we do, just a quick update on the CDNX…
$HUI
$CDNX
My Wednesday report has been published .
Wednesday Report: A Brand New Chart Pattern for the PM Complex🚨
The one thing I find so fascinating about Chartology is that you never know when you may stumble upon a new chart pattern. Today when I was scrolling through a bunch of charts for the PM complex, I came across one I’ve looked at a hundred times, and something just jumped out at me, which I needed to investigate a little further to see if what I was actually seeing was indeed possible. At the end of tonight’s Wednesday Report, I’ll show you what I uncovered today.
#StockMarket #TechnicalAnalysis #PreciousMetals
🚨🚨 The critical inflection point resolved to the downside putting the double top reversal pattern in play as the new short term topping pattern.
Since this has occurred I am going to be offering my last Weekend Report free to the public so everyone can read it. 👇
Read FREE Weekend Report here🚨
https://t.co/3czIEuFMjn
$Gold $HUI
I’m not sure I understand your post. We’ve been following two short term patterns at Rambus Chartology: the H&S bottom and a double top reversal pattern. When the GDX broke out above its neckline, it traded sideways for nine days, but the bulls failed to push the price action higher. The reason the bulls couldn’t push the price action higher is because the double top trend line was holding resistance as the backtest, shown by the heavy black dashed line. For nine days, the price action ping ponged between the neckline and the double top trend line. We finally got our answer last Tuesday when the GDX broke down below the neckline, negating the H&S bottom and putting the double top reversal in play as the new dominant short term pattern. There are many times in a stock or market when it is at a critical inflection point where it could break in either direction. The first thing to understand is the inflection point, and the second thing is to act accordingly when the inflection point is resolved one way or the other. Good luck and all the best… Rambus
🚨 Weekend Report is LIVE — April 26, 2026
📌 “This Week is Going to Be Pivotal for the PM Complex and the US Stock Markets”
Last Tuesday, the PM Complex completed its 9-day backtest above the H&S bottom neckline — and when that neckline failed to hold, it activated the January/March Double Top Reversal Pattern.
That one shift changes everything in the short term. 📉
In tonight’s report, I’m hunting for the next low of importance — short AND possibly intermediate-term. I’m pulling up a striking parallel to the 2022 HUI top, comparing charts from a 2022 Weekend Report to show how that critical low formed… and what it could mean for where we’re headed NOW.
Plus — combo & ratio combo charts first tonight to show exactly where the PM Complex stands relative to previous trading ranges.
This is one you don’t want to miss. 👇
🔗 https://t.co/QiFLOnF8ZQ
#Gold #Silver #PreciousMetals #HUI #StockMarket #WeekendReport #Trading #MarketAnalysis #Investing
Daily $BIIB showing me a breakout, with a possible backtest of the bullish expanding falling wedge.
As @RambusChart recently mentioned again in his latest report, in general, the falling expanding wedge is one of the most bullish formations in Chartology.
Weekly chart shows the expanding falling wedge from a longer perspective. Towards and after the $200 area I expect a bit of chop as there is plenty of horizontal resistance levels.
Fundamentals help me here as I am expecting the turnaround to really firm up and showing results in Biogen's cash flow. Also, in the next year or so we may hear about ongoing progress in their set of Lupus drugs, a market that is totally neglected.
👍😎
🚨Special Announcement!🚨
This week's Wednesday Report is completely FREE and open to the public! No subscription required.
Dive into my latest technical analysis on the Precious Metals (PM) complex, CDNX, Gold, Silver, and Bitcoin.
Are we seeing a new bull flag or downtrend channel? I break down the charts, the failed H&S bottom, and the double top reversal patterns.
Follow the link in the comments section . 👇
#StockMarket #PreciousMetals #gold #TechnicalAnalysis
A new article has been published at Rambus Chartology 🛎️
PM Complex: No Resolution One Way or The Other Yet
Tonight I would like to start out by looking at the triple combo chart we’ve been following, which has the NDX on top with the GDX in the middle and SPX on the bottom. The reason I built this chart in the first place was to show how the US stock markets and the PM complex can move together in a general sense for long periods of time.
There are times when they do run inversely to each other, like from the 2000 high in the stock market and the 2000 low in the PM complex, that were inversely correlated for several years, where the PM complex massively outperformed the stock markets. The last time we saw a negative correlation was when the PM complex topped out in 2011, but the US stock markets continued upward in its secular bull market.
Read this article in its entirety by clicking on the links provided in this comment section 👇
$GDX