{"id":14693,"date":"2026-06-01T18:43:52","date_gmt":"2026-06-01T16:43:52","guid":{"rendered":"https:\/\/www.gregtheanalyst.com\/?p=14693"},"modified":"2026-06-01T18:44:46","modified_gmt":"2026-06-01T16:44:46","slug":"05-2026","status":"publish","type":"post","link":"https:\/\/www.gregtheanalyst.com\/?p=14693","title":{"rendered":"05\/2026"},"content":{"rendered":"\n<p class=\"is-style-success wp-block-paragraph\">May is finished, and AI\/SOX\/TECH team going hyper parabolic. 10 stocks from S&amp;P500 are responsible for almost 70% the index growth. While bottom 90% is getting annihilated, looks like we have reached permanently high plateau on AI as there&#8217;s no limit for their growth. Not really large amount of charts, but key one, with couple examples and summary at the end.<\/p>\n\n\n\n<p class=\"is-style-success wp-block-paragraph\">SP500 found its bottom on 1929-2000 trend line and until this line won&#8217;t be broken on (M)onthly level sky is the limit until it&#8217;s not. Today we&#8217;ll try to understand why oil tanks and if market really pricing this :<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">&quot;If the Strait of Hormuz doesn\u2019t open by August, there may be a risk of a recession rivaling the great financial crisis,&quot; per Bloomberg<\/p>&mdash; unusual_whales (@unusual_whales) <a href=\"https:\/\/x.com\/unusual_whales\/status\/2060526102368628785?ref_src=twsrc%5Etfw\">May 30, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.x.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p class=\"is-style-success wp-block-paragraph\">We&#8217;ll soon need to answer my key question. Does the retest of broken (3M)MA200 of SPX\/GOLD + uninverting 10y\/3m > +60bps will send us expected unexpected event? While so many stocks getting hammered the whole market keeps going up on parabolic gamma squeeze. Market still looks like total shit if we exclude top 10 stocks, and I bet my idea about this technical junction will turn out to be true, but time is the only one unknown variable.<\/p>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">SPX\/GOLD &#8211; today we&#8217;ll start from SPX\/GOLD main cycle indicator. To close (3M) candles we still need June, but May looks interesting. First chart is (M) second (3M). While SPX\/GOLD I watch on 3M view we can clearly see that M and 3M level of MA200 is more or less exactly on the same level now. We should have here BIG expected &#8220;unexpected&#8221; event. That&#8217;s what the &#8220;map&#8221; says, but this map doesn&#8217;t say anything about time.<\/p>\n\n\n\n<p class=\"is-style-info wp-block-paragraph\">Have in mind that previously during 2008 retest of (3M)MA200 after a break &#8211; oil made its peak and market crashed :<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/05\/chrome_2026-05-30_17-50-06-scaled-1.webp\" alt=\"\" class=\"wp-image-14697\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/05\/chrome_2026-05-30_17-50-43-scaled-1.webp\" alt=\"\" class=\"wp-image-14698\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">DJI\/GOLD still tanking and it&#8217;s now below 1980-2011 trend<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/05\/chrome_2026-05-30_18-10-38-scaled-1.webp\" alt=\"\" class=\"wp-image-14700\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">NDQ\/GOLD &#8211; I don&#8217;t pay any attention to this level looks like this. First on (M) we see (M)MA200 support, second red (3M)MA50 + cloud support. Anyway both SPX\/GOLD and NDQ\/GOLD points that June must be &#8220;make it or break it&#8221;<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/05\/chrome_2026-05-30_18-37-00-scaled-1.webp\" alt=\"\" class=\"wp-image-14702\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/05\/chrome_2026-05-30_18-37-29-scaled-1.webp\" alt=\"\" class=\"wp-image-14703\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">SOX\/GOLD &#8211; my idea about (M)MA50 retest totally FAILED, with SOX level 8500, now it&#8217;s all about next support\/resistance level which indicated 10500-12000 levels, with full break we might open path towards SOX\/GOLD 1Q2000 level. That&#8217;s on (M) &#8211; first chart. On (3M) &#8211; second chart situation is a bit similar to NDQ\/GOLD above with its (3M)MA50 break. Here is a bit different story. 5 quarters SOX\/GOLD managed to break violet (3M)MA20. (3M) breaks are more powerful than (M) breaks and more powerful than (W) breaks. As we discuss here M and 3M, no doubts M is broken, and 3M needs June. Would be hard to imagine SOX\/GOLD closing below (3M)MA20 (SOX=8500 equivalent?) till the end of June to finalize 6th quarter below (3M)MA20. Time will tell.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/05\/chrome_2026-05-30_18-39-05-scaled-1.webp\" alt=\"\" class=\"wp-image-14704\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/05\/chrome_2026-05-30_18-40-44-scaled-1.webp\" alt=\"\" class=\"wp-image-14705\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">SPX &#8211; 1929-2000 trend sits on 6620 for June 2026. It&#8217;s support. Key indicator of stock market peaking hits around 6920. We&#8217;re > 10% above. During 2000 this indicator was -20% below peak, during 2007 peak it hit around -2% lower, but for example (that&#8217;s my assumption based on charts and I&#8217;m not 100% sure about that) during 1929 it was +20%. You see here also RED trend line which hits around 8200. You all know I&#8217;ll never trust a break of 100Ys trend as a permanent, and will continue in the next asset :<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/05\/chrome_2026-05-30_18-44-53-scaled-1.webp\" alt=\"\" class=\"wp-image-14707\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">10Y\/3M &#8211; especially if 10y\/3m looks like this. This time I share ONLY 3M view, because nothing extraordinary is on M. My idea says : Market tops when 10y\/3m peremanently jumps > +60bps post inversion and US03MY breaks (M)MA50 (4Q25). So after some fight can 2Q26 be a permanent break of +60bps? Look ahead. Huge red (3M)MA50 resistance + red cloud ahead. This needs SUPER ULTRA HIGH BAD EVENT. But as I discussed earlier some SPX\/GOLD, NDQ\/GOLD even SOX\/GOLD 3M views, same issue happened here on 10y\/3m. 77bps is (3M)MA50 level. End of red cloud = (3M)MA200.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/05\/chrome_2026-05-30_18-54-59-scaled-1.webp\" alt=\"\" class=\"wp-image-14709\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">DXY also needs to be seen on (M) and (3M) &#8211; first on M it tries to jump > trend and > yellow (M)MA100 = 99, but the general view of the $$$ is a bit different on 3M (and EURUSD view which is almost 60% of DXY). On 3M we see still my last possible BULL-MARKET support = super secular golden cross &#8211; (3M)MA50 > (3M)MA200 = 96.4 is the key.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/05\/chrome_2026-05-30_20-29-24-scaled-1.webp\" alt=\"\" class=\"wp-image-14724\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/05\/chrome_2026-05-30_20-30-57-scaled-1.webp\" alt=\"\" class=\"wp-image-14725\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">EURUSD &#8211; (M) view doesn&#8217;t make any sense. last (M)MA200 level is 1.20, but (3M) view is a bit more powerful. I must say I was not considering breaking this blue (3M)MA200 but &#8230; this market is going to make probably the highest ever amount of surprises to the upside and downside.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/05\/chrome_2026-05-30_20-32-08-scaled-1.webp\" alt=\"\" class=\"wp-image-14727\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">AUDUSD &#8211; main risk on\/off inflation gauge indicator. Looking on (M) you&#8217;ll see this chart in the middle of nothing, but looking on (3M) that&#8217;s the case : 0.725.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/05\/chrome_2026-05-31_11-25-19-scaled-1.webp\" alt=\"\" class=\"wp-image-14746\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">USDCNH &#8211; and main currency pair. &#8220;The power of the $$$ is the weakness of the Yuan&#8221; &#8211; my idea. Also on (M) is in the middle of nowhere, but on (3M) it matches AUDUSD. Not a hard prediction. Reversal of USDCNH to UP = US stock market reversal to DOWN.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/05\/chrome_2026-05-31_11-26-47-scaled-1.webp\" alt=\"\" class=\"wp-image-14747\"\/><\/figure>\n\n\n\n<p class=\"is-style-info wp-block-paragraph\">So if you follow me long enough you know there&#8217;re 2 important moments for the market. 4Q21 and 4Q25. While 70% of SP500 comes from AI\/TECH and derivatives, banks are also floating around ATHs we&#8217;ll be watching those &#8220;break&#8221; moments of the rest assets, not really top 10 tech stocks which are now in a super parabolic moves. We start from Mag7 and big tech stocks. Not AI, not SOX, they are in other league not worth to even talk, except they&#8217;ve reached levels of super tulip bubbles once their distance to (M)MA50 managed to get around -90% area.<\/p>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">NVDA &#8211; but we&#8217;re going to start from Nvidia, because IMO something bad is happening here and really BIG BIG BIG MOMENT. Nvidia lost its power.<\/p>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">NVDA\/SOX and (M)MA50 BREAK !!!!!!!!!!!!!!!!!!!!!!!!!!! A kind of a shocker.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/05\/chrome_2026-05-30_19-05-02-scaled-1.webp\" alt=\"\" class=\"wp-image-14712\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">NVDA\/GOLD &#8211; also doesn&#8217;t make new highs.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/05\/chrome_2026-05-30_19-07-04-scaled-1.webp\" alt=\"\" class=\"wp-image-14714\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">NVDA &#8211; respecing my 212$ LEVEL on (M) which I considered as a possible TOP here. June starts above, but it&#8217;s just the beginning.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/05\/chrome_2026-05-30_19-06-13-scaled-1.webp\" alt=\"\" class=\"wp-image-14713\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">META &#8211; let&#8217;s continue with top stocks which IMO lost momentum. META is without a doubt one of them. Peaked in August 2025, moved back below (M)MA20 = lost high momentum bull market. If this level won&#8217;t be broken to the upside, red (M)MA50 &#8211; the border between technical bull\/bear is the next one.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/05\/chrome_2026-05-30_19-20-39-scaled-1.webp\" alt=\"\" class=\"wp-image-14716\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">MSFT &#8211; (M)MA50 was defended and now jumping > (M)MA20. It&#8217;s weak but not as weak as META<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/05\/chrome_2026-05-30_19-22-05-scaled-1.webp\" alt=\"\" class=\"wp-image-14718\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">TSLA &#8211; (M)MA20 hold &#8211; strong high momentum bull market intact, but 2 key limiters kicks in 4Q21 and 4Q25 levels. While 4Q21 failed, so far I hope soon we&#8217;ll get the momentum turn from Tesla. Until it&#8217;s below 4Q25 level it&#8217;s still my #1 long term short (from 499$). Breaking back below 414$ level = confirmation of powerful short, breaking below (M)MA20 even more, below (M)M50 even way more.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/05\/chrome_2026-05-31_21-38-41-scaled-1.webp\" alt=\"\" class=\"wp-image-14753\"\/><\/figure>\n\n\n\n<p class=\"is-style-info wp-block-paragraph\">Key ratios<\/p>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">GOLD\/COPPER &#8211; this level was so far a peak, now we do retest. Bull-trap or retest and new ATHs here? (ATHs = gold to outperform copper). Dr. Copper was often called as a key indicator about economic health. I think now Copper is an indicator related to AI bubble and nothing more.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/05\/chrome_2026-05-30_20-25-22-scaled-1.webp\" alt=\"\" class=\"wp-image-14721\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">GOLD\/BTC &#8211; let&#8217;s find out how it&#8217;ll play. IMO until (M)MA50 is support = pressure on crypto to go lower persists.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/05\/chrome_2026-05-30_20-26-10-scaled-1.webp\" alt=\"\" class=\"wp-image-14722\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">TIP\/IEF &#8211; (inflation\/deflation) so again this should match USDCNH and AUDUSD levels and even OIL levels and yes it matches them<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/05\/chrome_2026-05-31_11-29-04-scaled-1.webp\" alt=\"\" class=\"wp-image-14749\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">TLT\/GOLD &#8211; after years of bear market, 3 years of consolidation from TLT around 82$-90$ levels, there&#8217;s a sign of a (M)RSI break, after hitting record lows (M)RSI=13<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/05\/chrome_2026-05-31_21-42-34-scaled-1.webp\" alt=\"\" class=\"wp-image-14755\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">CRB\/SPX &#8211; remember this ratio too because it&#8217;ll be really important for OIL. (M)MA50 rejection so far<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/05\/chrome_2026-05-31_21-44-20-scaled-1.webp\" alt=\"\" class=\"wp-image-14757\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">HYG\/TLT &#8211; in my analysis this ratio plays a role of simplified version of a credit stress. Violet support\/resistance levels are long term in the upside move. Last 2 blue levels : shorter term support\/resistance. Market goes up if this ratio goes up. (M)MA20 was held, so strong high momentum bull market still intact, but since May 2025 we see consolidation.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/06\/chrome_2026-06-01_09-51-13-scaled-1.webp\" alt=\"\" class=\"wp-image-14819\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">DXY\/GOLD &#8211; when last time this ratio was so oversold to (M)RSI=13? Around 1970s. (M)RSI trend has been broken and if that&#8217;s going to happen it&#8217;ll be the LAST $$$ spike in a history as it&#8217;s going to lose its reserve currency status probably.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/06\/chrome_2026-06-01_09-59-01-scaled-1.webp\" alt=\"\" class=\"wp-image-14823\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">Value\/Growth &#8211; no, last time it was again a try to get above the key support level, but it failed :<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/05\/chrome_2026-05-31_21-48-17-scaled-1.webp\" alt=\"\" class=\"wp-image-14760\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">SOX\/USO &#8211; we need to get an answer here who is going to outperform whom. SOX oil or OIL sox. (M)MA50 was held.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/06\/chrome_2026-06-01_09-15-27-scaled-1.webp\" alt=\"\" class=\"wp-image-14783\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">SPY\/EEM &#8211; break is break, but you need to know this break is mostly because of Hynix, TSM and Samsung. If we exclude those 3 stocks from EEM, EEM actually keeps crashing.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/06\/chrome_2026-06-01_10-14-19-scaled-1.webp\" alt=\"\" class=\"wp-image-14825\"\/><\/figure>\n\n\n\n<p class=\"is-style-info wp-block-paragraph\">Bond market &amp; oil market &#8211; they&#8217;re both<\/p>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">US10Y &#8211; still the highest point is October 2023. The problem I have now is the fact that US10Y down = DXY down = OIL down = 10y\/3m DOWN, but that&#8217;s totally OK, as market still is in &#8220;recovery mode&#8221; and it has not changed its behavior. Bad behavior = 10y\/3m up, US10Y down, DXY up, OIL down = debt blows up. It looks like it&#8217;ll be very hard to retest 85 if TIP\/IEF hit resistance.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/05\/chrome_2026-05-30_20-34-16-scaled-1.webp\" alt=\"\" class=\"wp-image-14729\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">TLT = my so far bet 82$ is the ultimate low from October 2023 is intact and this asset is DEAD since 2023 or even earlier. It doesn&#8217;t look too good until > 91$ break. <\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/05\/chrome_2026-05-30_20-37-09-scaled-1.webp\" alt=\"\" class=\"wp-image-14732\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">US03MY &#8211; last 5 months = zero move (but no rate hikes or cuts).<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/05\/chrome_2026-05-30_20-43-39-scaled-1.webp\" alt=\"\" class=\"wp-image-14738\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">US02Y &#8211; hits last possible limiter (M)MA50 + cloud. Again, couple months ago it managed to break key support, but that was a false move as it decided to retest (M)MA50 break once again. US02Y is like almost 50bps above US03MY. <\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/05\/chrome_2026-05-30_20-40-11-scaled-1.webp\" alt=\"\" class=\"wp-image-14735\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">WTI &#8211; hits super strong resistance and got rejected. Look how this resistance is matched perfectly with US02Y last possible level. I bet if we try to join Jul2008 level = 147$, US02Y needs to go towards previous 5.3% peak.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/05\/chrome_2026-05-30_20-39-01-scaled-1.webp\" alt=\"\" class=\"wp-image-14733\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">USO &#8211; (M)MA200 hit (that was my last max moment for long oil) and support sits on Oct2018 level which so far &#8230; failed. Failed the same way as US02Y failed to break (M)MA50. USO points to WTI=~90$ = bottom, and WTI=~115$ peak. At some point of time this level will be broken. To the upside or to the downside. My bet : to the downside = when market crashes like 2020, 2008 etc. To the upside, when market will go slowly down.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/05\/chrome_2026-05-30_20-39-30-scaled-1.webp\" alt=\"\" class=\"wp-image-14734\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">XLE &#8211; Look how XLE matches with oil technical levels. It might mean something or it might mean nothing in reality.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/06\/chrome_2026-06-01_09-28-55-scaled-1.webp\" alt=\"\" class=\"wp-image-14800\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">LQD &#8211; is a never ending story of (M)MA50 sliding<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/05\/chrome_2026-05-30_20-45-34-scaled-1.webp\" alt=\"\" class=\"wp-image-14739\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">HYG slides on (M)MA20. It&#8217;s now positive > (M)MA20<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/05\/chrome_2026-05-30_20-46-27-scaled-1.webp\" alt=\"\" class=\"wp-image-14740\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">JP10Y &#8211; if we analyze US10Y we need to see others 10s.. Japan &#8211; no need to comment.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/05\/chrome_2026-05-31_11-21-17-scaled-1.webp\" alt=\"\" class=\"wp-image-14742\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">DE10Y &#8211; failed to break this 3% level it&#8217;s resistance now.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/05\/chrome_2026-05-31_11-22-23-scaled-1.webp\" alt=\"\" class=\"wp-image-14743\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">AU10Y &#8211; same as DE10Y<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/05\/chrome_2026-05-31_11-23-11-scaled-1.webp\" alt=\"\" class=\"wp-image-14744\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">GB10Y &#8211; hard to say<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/05\/chrome_2026-05-31_11-23-45-scaled-1.webp\" alt=\"\" class=\"wp-image-14745\"\/><\/figure>\n\n\n\n<p class=\"is-style-info wp-block-paragraph\">Asia &#8211; I bet problems are blowing up in Asia, that was always my #1 bet. Still my #1 bet what will blow up causing financial crisis it&#8217;s USDHKD blow up which will move USDCNH way higher.<\/p>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">FXI &#8211; my #1 watch from all countries ETFs &#8211; (M)MA20 gone, big cloud and (M)MA50 ahead. This move from 2024 was &#8230; a bear market rally so far. Last possible turn = 42$ seems to be hold.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/05\/chrome_2026-05-31_21-52-39-scaled-1.webp\" alt=\"\" class=\"wp-image-14762\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">Hang-Seng &#8211; this looks bad, just as bad as FXI which is now below (M)MA200. Big move IMO in Hong-Kong coming.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/05\/chrome_2026-05-31_21-53-52-scaled-1.webp\" alt=\"\" class=\"wp-image-14763\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">EWZ &#8211; Brazil, while so many people tell LATAM are #1 bet to grow, I says they&#8217;re in the same kind of big bear market rally like FXI with max level also around 42$<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/05\/chrome_2026-05-31_21-55-28-scaled-1.webp\" alt=\"\" class=\"wp-image-14765\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">USDBRL &#8211; I must say something doesn&#8217;t add up in Brazil. EWZ rejects last level and (M)MA200 &#8211; OK, but USDBRL hits really low level on yellow (M)MA100 (typical bear trap in this situation level?). If that&#8217;s true and USDBRL starts going up from now EWZ will go down on steroids.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/05\/chrome_2026-05-31_22-01-28-scaled-1.webp\" alt=\"\" class=\"wp-image-14770\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">USDKRW &#8211; while it&#8217;s not really a good point o post EWY (South Korea ETF = Hynix+Samsung in reality), it&#8217;s a good point to show you how KRW blows up<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/05\/chrome_2026-05-31_21-57-31-scaled-1.webp\" alt=\"\" class=\"wp-image-14766\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">INDY &#8211; India 50 looks &#8230; it looks like it&#8217;s ready to crash<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/05\/chrome_2026-05-31_21-58-44-scaled-1.webp\" alt=\"\" class=\"wp-image-14767\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">INDA &#8211; India let&#8217;s say total does not look as bad as INDY, but it&#8217;s on the edge of (M)MA50 break. Really curious about new month opening. Below or above (M)MA50.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/05\/chrome_2026-05-31_21-59-26-scaled-1.webp\" alt=\"\" class=\"wp-image-14768\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">USDINR &#8211; this currency looks like next Turkish Lira<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/05\/chrome_2026-05-31_22-00-49-scaled-1.webp\" alt=\"\" class=\"wp-image-14769\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">USDTWD &#8211; while USDKRW blows up, not TWD. It fights not to jump > 40Ys trend, but still > (M)MA50. My old bet says : Once this 40Ys trend will break permanently = SOX bubble to implode.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/05\/chrome_2026-05-31_22-03-18-scaled-1.webp\" alt=\"\" class=\"wp-image-14772\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">USDPHP &#8211; Philippine Peso &#8211; no comment<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/05\/chrome_2026-05-31_22-04-23-scaled-1.webp\" alt=\"\" class=\"wp-image-14774\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">USDIDR &#8211; Indonesian Rupiah &#8211; no comment<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/05\/chrome_2026-05-31_22-05-13-scaled-1.webp\" alt=\"\" class=\"wp-image-14775\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">USDVND &#8211; Vietnamese Dong &#8211; no comment<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/05\/chrome_2026-05-31_22-06-00-scaled-1.webp\" alt=\"\" class=\"wp-image-14776\"\/><\/figure>\n\n\n\n<p class=\"is-style-info wp-block-paragraph\">Stocks that made a break &#8211; each month more and more stocks losing their (M)MA50 or even (M)MA200. I won&#8217;t give you those who made another +7%\/day, because market breadth is worse each month, where more and more stocks tank below important levels. Just do your own homework to check which stocks managed to break (M)MA50 or (M)MA100 or (M)MA200 &#8211; just couple examples<\/p>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">MCD &#8211; McDonalds &#8211; first (M)MA50 break since dot.com bubble bust &#8211; this is shocker<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/05\/chrome_2026-05-31_22-08-35-scaled-1.webp\" alt=\"\" class=\"wp-image-14777\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">PEP &#8211; Pepsico looks terrible<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/06\/chrome_2026-06-01_18-23-57-scaled-1.webp\" alt=\"\" class=\"wp-image-14844\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">RACE &#8211; Ferrari was topping couple years ago, now below (M)MA50<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/06\/chrome_2026-06-01_18-24-38-scaled-1.webp\" alt=\"\" class=\"wp-image-14845\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">LVMH &#8211; Louis Vuitton &#8211; (M)MA200 is a magnet here<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/06\/chrome_2026-06-01_18-25-22-scaled-1.webp\" alt=\"\" class=\"wp-image-14846\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">FICO &#8211; it&#8217;ll be fighting around this (M)MA50 + TREND<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/06\/chrome_2026-06-01_09-17-32-scaled-1.webp\" alt=\"\" class=\"wp-image-14786\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">IGV &#8211; Software stocks &#8211; (M)MA50 was held. Now > 4Q21. <\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/06\/chrome_2026-06-01_09-18-12-scaled-1.webp\" alt=\"\" class=\"wp-image-14787\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">XLU &#8211; no recession without XLU reversal &#8211; almost perfect peak on my key stock market indicator. <\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/06\/chrome_2026-06-01_18-26-59-scaled-1.webp\" alt=\"\" class=\"wp-image-14848\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">LULU below (M)MA200<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/06\/chrome_2026-06-01_09-19-10-scaled-1.webp\" alt=\"\" class=\"wp-image-14789\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">BX &#8211; Private Credit has not changed its position<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/06\/chrome_2026-06-01_09-20-25-scaled-1.webp\" alt=\"\" class=\"wp-image-14790\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">LEN &#8211; housing seems to resume move down, looking on Lennar<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/06\/chrome_2026-06-01_09-20-56-scaled-1.webp\" alt=\"\" class=\"wp-image-14791\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">AZO &#8211; Autozone &#8211; it was trying to break this (M)MA50 just around 2017\/2018, trend + could saved it. Now another attempt.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/06\/chrome_2026-06-01_09-22-11-scaled-1.webp\" alt=\"\" class=\"wp-image-14792\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">BKNG &#8211; Booking still > (M)MA50 but trend is broken<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/06\/chrome_2026-06-01_09-23-18-scaled-1.webp\" alt=\"\" class=\"wp-image-14794\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">ADBE &#8211; Adobe is on the last level of defence &#8211; secular bear market border (M)MA200. In 2009 it was a bottom, but don&#8217;t forget 10y\/3m was +350bps there, now it&#8217;s just +75bps post inversion. This level will be imo broken in the future, but it needs some time.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/06\/chrome_2026-06-01_09-24-15-scaled-1.webp\" alt=\"\" class=\"wp-image-14795\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">BA &#8211; Boeing &#8211; I like BA chart very much, because so far every time it permanently passed (M)MA200 it was a confirmation of stock market collapse and full technical bear market. In current cycle it was saved in 2020, 2022, 2025. Now it hangs below yellow (M)MA100 = typical bull\/bear trap level. Lower trend points to 50-60$, once blue (M)MA200 will be taken down. We can also assume once this 50-60$ will be achieved it&#8217;ll be a market bottom.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/06\/chrome_2026-06-01_09-25-38-scaled-1.webp\" alt=\"\" class=\"wp-image-14796\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">IBB &#8211; Biotech<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/06\/chrome_2026-06-01_09-28-02-scaled-1.webp\" alt=\"\" class=\"wp-image-14799\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">ACN &#8211; and (M)MA200 support<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/06\/chrome_2026-06-01_18-22-31-scaled-1.webp\" alt=\"\" class=\"wp-image-14843\"\/><\/figure>\n\n\n\n<p class=\"is-style-info wp-block-paragraph\">Crypto base world &#8211; GOLD\/BTC ratio was in &#8220;ratio&#8221; section. Let&#8217;s stake a look on some key crypto assets<\/p>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">ETH &#8211; Etherum &#8211; this time not BTC starts this section. ETH is below (M)MA50 and it&#8217;s already been retested from the bottom of this level. <\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/06\/chrome_2026-06-01_07-45-25-scaled-1.webp\" alt=\"\" class=\"wp-image-14779\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">BTC &#8211; so far it defends its 4Q21 peak break, but let&#8217;s see for how long<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/06\/chrome_2026-06-01_07-46-56-scaled-1.webp\" alt=\"\" class=\"wp-image-14780\"\/><\/figure>\n\n\n\n<p class=\"is-style-info wp-block-paragraph\">Commodities excluding OIL &#8211; the more SPX\/GOLD stays below (3M)MA200 &amp; (M)MA200 the less I believe in break in commodities.<\/p>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">COPPER &#8211; years ago they said Dr. Copper &#8211; I believe this Dr. Copper has lost its true value, because now this is AI.Copper. Copper follows AI stocks not a general economy anymore. <\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/06\/chrome_2026-06-01_09-56-29-scaled-1.webp\" alt=\"\" class=\"wp-image-14821\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">RBOB &#8211; Gasoline<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/06\/chrome_2026-06-01_09-31-33-scaled-1.webp\" alt=\"\" class=\"wp-image-14803\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">UGA &#8211; US Gasoline Fund &#8211; looks a bit different.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/06\/chrome_2026-06-01_09-30-58-scaled-1.webp\" alt=\"\" class=\"wp-image-14802\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">DBA &#8211; Agruculture Fund &#8211; some kind of simplified index of future food inflation. Here is EXACTLY the same issue like with USO. If market is about to crash like 2008, 2020 etc. This is going to tank. If market would like to slowly drops down it needs to go higher.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/06\/chrome_2026-06-01_09-33-41-scaled-1.webp\" alt=\"\" class=\"wp-image-14804\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">WHEAT &#8211; same case as USO<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/06\/chrome_2026-06-01_09-39-47-scaled-1.webp\" alt=\"\" class=\"wp-image-14811\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">GOLD &#8211; not much to talk about, IMO a bigger correction is ongoing, but this is not the end of its big long term secuar bull market<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/06\/chrome_2026-06-01_09-34-59-scaled-1.webp\" alt=\"\" class=\"wp-image-14806\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">SILVER &#8211; same as GOLD<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/06\/chrome_2026-06-01_09-36-16-scaled-1.webp\" alt=\"\" class=\"wp-image-14807\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">SPX\/SILVER &#8211; on 3M view. Just like SPX\/GOLD jumps > 1929-2000 trend, here it&#8217;s also above 1930+ support level.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/06\/chrome_2026-06-01_09-37-01-scaled-1.webp\" alt=\"\" class=\"wp-image-14808\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">PLATINUM &#8211; no comment is needed<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/06\/chrome_2026-06-01_09-39-07-scaled-1.webp\" alt=\"\" class=\"wp-image-14810\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">PALLADIUM &#8211; look on this beautiful technical setup :<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/06\/chrome_2026-06-01_09-44-13-scaled-1.webp\" alt=\"\" class=\"wp-image-14812\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">URA &#8211; Uranium &#8211; so many people watching this ETF &#8211; not much changed since couple months. Let&#8217;s call it consolidation.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/06\/chrome_2026-06-01_09-45-18-scaled-1.webp\" alt=\"\" class=\"wp-image-14814\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">DBC &#8211; if you go higher to see TIP\/IEF you&#8217;ll see exactly the same level of resistance.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/06\/chrome_2026-06-01_09-48-09-scaled-1.webp\" alt=\"\" class=\"wp-image-14816\"\/><\/figure>\n\n\n\n<p class=\"is-style-info wp-block-paragraph\">BANKS<\/p>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">XLF\/GOLD &#8211; retesting 2020 level &#8211; look on those bounces in 2008. To remind you 1Q2008 was the moment where SPX\/GOLD broke its secular (3M)MA200 level.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/06\/chrome_2026-06-01_10-18-06-scaled-1.webp\" alt=\"\" class=\"wp-image-14828\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">WFC &#8211; this is imo the worst looking bank from big banks. (M)MA20 was taken down, short term trend was taken down, huge upper channel with multiple peaks holds perfectly.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/06\/chrome_2026-06-01_10-20-08-scaled-1.webp\" alt=\"\" class=\"wp-image-14829\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">BAC &#8211; so far this bank keeps its key resistance<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/06\/chrome_2026-06-01_10-21-43-scaled-1.webp\" alt=\"\" class=\"wp-image-14831\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">SCHW &#8211; and here we had 1Q22 level, very close to infamous 4Q21 level<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/06\/chrome_2026-06-01_10-22-04-scaled-1.webp\" alt=\"\" class=\"wp-image-14832\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">COF &#8211; not so bad but trend is broken<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/06\/chrome_2026-06-01_15-24-42-scaled-1.webp\" alt=\"\" class=\"wp-image-14837\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">JPM &#8211; we&#8217;ll see<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/06\/chrome_2026-06-01_18-29-31-scaled-1.webp\" alt=\"\" class=\"wp-image-14851\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">GS &#8211; Goldman Sachs to tha moon<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/06\/chrome_2026-06-01_18-32-28-scaled-1.webp\" alt=\"\" class=\"wp-image-14853\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">JEF &#8211; I watch this company like a hawk and it&#8217;s escaped so far the &#8220;death&#8221; retest to May 2008 level<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/06\/chrome_2026-06-01_18-31-28-scaled-1.webp\" alt=\"\" class=\"wp-image-14852\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">KRE &#8211; Regional Banks &#8211; weird chart. 4Q21 peak far far away, but KRE fights all the time around its 2009-2011 black trend line<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/06\/chrome_2026-06-01_18-33-18-scaled-1.webp\" alt=\"\" class=\"wp-image-14854\"\/><\/figure>\n\n\n\n<p class=\"is-style-warning wp-block-paragraph\">KBE &#8211; Banks &#8211; all the time floating around key level.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gregtheanalyst.com\/wp-content\/uploads\/2026\/06\/chrome_2026-06-01_18-34-04-scaled-1.webp\" alt=\"\" class=\"wp-image-14855\"\/><\/figure>\n\n\n\n<p class=\"is-style-info wp-block-paragraph\">So SPX\/GOLD retest might take a day, two, month of next 6 months, nobody knows. 10y\/3m wants to finally uninvert and it&#8217;s on the edge sending turmoil to stocks. +77bps as I look. While breadth is worse each month while more and more stocks\/ETFs break their key levels it&#8217;s all about AI mania now and nothing more. For a massive reversal you need to watch USDCNH to go up to take AUDUSD down with them. Asia keeps dying and shit has just hit India. My chain reaction is unchanged : China (Asia) -> India -> Europe -> USA. If the $$$ finds its bottom new wave of stronger moves in F\/X has arrived. Market must answer to this SPX\/GOLD key retest on (3M) and (M) level, but it can stay on this level even for another 2 quarters. Bond market is still unknown, as oil is jammed between 90$-120$ level.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>May is finished, and AI\/SOX\/TECH team going hyper parabolic. 10 stocks from S&amp;P500 are responsible for almost 70% the index growth. While bottom 90% is getting annihilated, looks like we have reached permanently high plateau on AI as there&#8217;s no <a href=\"https:\/\/www.gregtheanalyst.com\/?p=14693\"> Read more&#8230;<\/a><\/p>\n","protected":false},"author":57800504,"featured_media":14834,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","footnotes":""},"categories":[11172885],"tags":[],"class_list":["post-14693","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-charts"],"_links":{"self":[{"href":"https:\/\/www.gregtheanalyst.com\/index.php?rest_route=\/wp\/v2\/posts\/14693","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gregtheanalyst.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gregtheanalyst.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gregtheanalyst.com\/index.php?rest_route=\/wp\/v2\/users\/57800504"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gregtheanalyst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14693"}],"version-history":[{"count":69,"href":"https:\/\/www.gregtheanalyst.com\/index.php?rest_route=\/wp\/v2\/posts\/14693\/revisions"}],"predecessor-version":[{"id":14862,"href":"https:\/\/www.gregtheanalyst.com\/index.php?rest_route=\/wp\/v2\/posts\/14693\/revisions\/14862"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gregtheanalyst.com\/index.php?rest_route=\/wp\/v2\/media\/14834"}],"wp:attachment":[{"href":"https:\/\/www.gregtheanalyst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14693"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gregtheanalyst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14693"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gregtheanalyst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14693"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}