Semiconductors formed a "Double Top/Lower Highs" pattern at the Fibonacci extension level.
$SMH is attempting to break the support of a bearish descending triangle!
Gold/Stock ratio since 1986
Will be interesting to see where this index stands a year from now, as an important inflection/support test is in play at (1).
$GLD$NYA
$TNX Yields are currently testing 3-year resistance at level (1), which is now acting as new support.
This is a critical inflection point for yields, especially with the primary trend still firmly to the upside.
$TNX$TLT