'Today, commodities are as undervalued relative to common equities as they have ever been. All signs point to the early stages of a prolonged commodity bull market, likely stretching into the 2030s.' gorozen.com/commentaries/2… by Goehring & Rozencwajg

Two points I will cover in the upcoming Stack: 1) A few weeks ago I posted that Time for this Weekly Buy Signal measures to about Sept 20th. Still looks good. 2) Wave 4 created room higher. So $SPX is now likely to hit 5750 instead of my original 5725 tgt.

QQQ target is 496.

$SPX Pivot will be 5,620 on Tuesday.

Market flipped to a Daily Sell Signal after an hourly close below Pivot this morning. Should last a couple more days.

As I told the Room, the Weekly Buy Signal is very close to flipping to a Sell now. If that happens, the sell-off will be quite large. Mkt has either tomorrow or Thursday to turn this around.

I did not get an all time high Signal for $NQ at the lows in early August. But my thesis was $NQ would fill the last gap higher. It's definitely questionable now. $SPX needs to hold 5,500 Wish I could be right 100% of the time, but that will never happen.

$NVDA The market always knows

$NVDA $105.7 is pretty important to hold Check out the mirror image on this chart. Almost perfect 👯

I want to reiterate the status of $NDX that I've mentioned before. Because I did not get an ATH Signal at the August lows, it will need a lower low in order for the Signal to trigger.

#NIKKEI (daily) Technically momentum has shifted downwards after breakdown from tight 13 day ascending channel consolidation.

The market remains on both an Hourly & Daily Sell Signal. The only Signal that turned up today was my 15min Signal, which is only for day trading. I would not be surprised to see a rally to a lower high if the Daily Buy Signal triggers in the next day or two.

Many of my like-minded friends are asking the same question I am: 1) Blow off top or 2) Recession I am in the blow-off top camp. I would still like to see a move to $SPX 6,200+. But always remain open-minded.

To be clear on this, it's my belief $NDX needs a lower low to trigger an ATH Buy Signal. $NDX remains on a Major Sell Signal (lower highs).

Fact check: CPI-Food.

A bounce is definitely possible. But the Signals are very bearish right now.

The overall Major Sell Signal doesn't look good for $NDX. Still needs a lot lower to flip to a Major Buy Signal. The Daily Sell Signal is very oversold though. So a big bounce from a Daily Buy Signal is likely. But $NDX still needs much lower for a Major Buy Signal.

I've been saying since the August lows that $NDX does not have a Major Buy Signal so needs lower. Was originally thinking end of October. But at this pace, could come earlier.

Just released my latest Stack! This one is free for all to enjoy. Just get on the list. Link in bio.