I wasn't making a forecast - so I guess my post really doesn't belong on this forum. I was just responding to gm's earlier post suggesting that the breakout had already occurred, and I was wondering at what level that took place. Everything I look at seems to point to the markets being at a critical juncture, so being wrong about the direction of the next move could be costly.
On the daily chart I see lower highs and lower lows with the RSI coming off a high.
On the five year fiat chart I see what appears to be a failed breakout attempt in June with possibly a second failure occurring now.
On the daily gold chart I see a perfect triple top.
On the weekly gold chart I see a double-top test of an important resistance level.
If oil does break higher from here I cringe at the thought of the inflationary pressures that would follow.