Most of the major asset classes appear to be at significant technical junctures that could determine the next tradeable trends in each. SPY (S&P 500 ETF) is currently sandwiched between gap resistance just above & trendline support just below.
SPY daily June 10th
GLD (gold ETF) is smack in the middle of the 2-month sideways trading range with the next tradable trend likely to be determined by which way gold breaks from the range. Negative divergences were in place at the recent high (potentially bearish) although the PPO remains above the zero line, indicating the primary trend is still bullish, with the potential for the divergences to extend, should GLD take another leg higher in the coming months.
GLD daily June 10th
USO (crude oil ETN) continues to trade within the big gap from April 21st (resistance) while dancing on the key uptrend line (support) off the April 28th low. Chances are that if/when SPY breaks down below its similar uptrend line off the May 14th low, USO will likely follow (or lead). Until & unless that happens, the trend in both remains bullish for now.
USO daily June 10th