Market Moves: What's Next for Stocks, Gold, Oil, and Bitcoin?

Summary

The S&P 500 saw a 1.4% gain last week, ending with indecision as indicated by a doji candlestick. Resistance is eyed at seven thousand six hundred fifty-six, with support at seven thousand four hundred. The VIX, or fear index, dropped 8.4%, nearing a level that historically precedes market upturns. The US Dollar Index fell slightly, failing to break resistance at ninety-nine point five. Ten-year yields declined 2.6%, though triangle patterns suggest an eventual upside breakout in the coming months. Gold prices rose 1.5%, bouncing off the two-hundred-day moving average, suggesting a potential short-term rise to four thousand eight hundred, despite an overall four-month downtrend. Silver, however, is showing signs of breakdown with a bearish flag pattern, potentially leading to a shorting opportunity. Copper miners outperformed the S&P 500, with a bullish breakout pattern observed in the COPX ETF. Uranium and its related ETF are holding steady, with a sideways bias. Oil prices plunged 9.5% after breaking down from a triangle pattern, with a potential short-term bounce expected before further declines towards seventy-nine dollars. Natural gas surged 8.1%, hitting the two-hundred-day moving average with a topping tail, suggesting a likely move lower next week. Bitcoin is down 4.8% and remains in a long-term bearish pattern, with potential consolidation for the next few years, though a short-term bounce to around seventy-eight thousand is possible before further downside.