The Periodical: 21st January 2022

Equity indices slump, crypto crumbles and PMs finally kick higher this week

Chart of the Week

Bitcoin crosses the 18 month VTL, an indicator that a peak of 54 month magnitude occurred in either November 2021 or April 2021.

Round Up

This week has been full of excellent periodic action, most notably in stockmarkets where indices are approaching a 20 week nominal low (at least), due early to mid February. The current phasing we have places one more 20 day component to come but many are at significant FLD support so it will be interesting to watch and report on these next week. Suprisingly the FTSE has held up the most. Given it’s longer term, relatively bearish phasing, this maybe somewhat of an anomaly and price may well catch down to other indices as we approach the larger low. It may well be connected to the bullishness in oil and the representation of those individual issues in the UK index.

Precious metals have accelerated from 20 week nominal lows. Silver has found some spark and is within touching distance of our target at 25.5. Gold is somewhat more patchy b…