WEEKLY CHART GLNYellow arrow pointing to a hammer...

WEEKLY CHART GLN

Yellow arrow pointing to a hammer stick......bullish when found in a down trend.....right on the 38 fib where most wave 4 down find a base.....bullish but needs confirmation, a break of strong resistance @ 150 would indicate a change of trend to the upside and my cue for another top up.


Has the DOW found a bottom at 32286?

Looks promising, but i wouldnt want to see that long red ( yellow arrow ) turn into something more sinister and breach 32286 to the down side or we could be observing an extended ABC correction, still too early to tell where the SP goes, but i outlined in white a scenario that could occur if the status quo remains and improves.


No signs of a base yet for the GLOBAL X lithium ETF, that said RSI 14 indicator is almost bottom trough, if 38 fib doesnt hold, then i would be confident that the 50 fib support would stick, wave 2 down tends to gravitate towards the 50/61 fib territory in my experience.

See what happens next week, but my feelings are that the wheel is finally turning for the MACRO and GLN alike.

imo