MDY (Weekly) is the ETF for mid-cap stocks. It's currently facing 5-month resistance after a fierce rally. A short-term pullback looks due. Eventually, I expect MDY will breakout to new highs.
SPY (Weekly) is also at resistance as seen below. A pullback here would be very healthy
While US Equities are facing resistance, the 10-year Treasury Bond (UST) is at base support. A rally in bonds here is likely, which would help gold.
USD is very loved by the dumb money after a sharp rally. We can see a $5 (-6%) pullback to retest the 10-year base breakout on the monthly chart below. This would be very healthy, helping to cool off sentiment.
EFA:SPY (Weekly) Ratio has a strong inverse correlation with the USD. It is currently testing all-time lows as support. A bounce here is likely.
If US Bonds and Euro are about to rally, we should expect Gold to look bullish as well. The charts for gold and gold miners do give confirmation.
Here are monthly charts for Silver and 3 gold miner indicies: HUI, GDX and XAU. These charts go back to the 80's and show that this space is on MAJOR support.
And here are the weekly charts for Gold, Silver:Gold ratio, GDX and GDXJ. Again, we see major support being held.
Below are weekly charts for CDNX (Canadian Venture Exchange), REMX, URA and USO. All these indices are on major support. Given these and charts from other asset classes, expect commodities to rally here.