Major Market Topping Signals, Sector Rotation, and Gold’s 2011 Setup – Are We Near a Turning Point?
In this conversation with Vladyslav Grabarskyy on Wealth Building Blueprint, I walk through what I’m seeing across equities, commodities, and crypto from a technical perspective. The S&P 500 remains in a longer-term uptrend, but momentum is fading, the Nasdaq has been carving lower highs and lower lows, and several of the MAG7 names are beginning to lose leadership. When market generals start to weaken, it often signals distribution beneath the surface. I also outline downside targets and discuss why 2026 has the potential to become a lost year, or even the early phase of a broader reset cycle, if current topping structures continue to develop.
We also dig into gold and silver, comparing today’s structure to the 2011 cycle peak, and what is different this time. Mining stocks are showing relative resilience, while copper is flashing potential topping behavior. I share my technical outlook on oil, natural gas, uranium, and Bitcoin, highlighting key levels and trend structures that could define the next major move. The broader theme is simple: markets move in cycles, and understanding where we are within that cycle helps investors stay objective instead of emotional when volatility increases.
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The topics Vladyslav and I discussed include:
- 00:00 – Introduction
- 00:49 – Stock Market: Topping Signs & Why the Market May Be Breaking Down
- 02:12 – Downside Targets (Short-Term & Long-Term) / MAG7 Breaks Critical Support
- 05:12 – Stock Market Cycles: Will 2026 Be a Lost Year For Gains?
- 06:30 – A Lost Decade Ahead for Stocks?
- 10:14 – Gold & Silver: Still Bullish — But With a Caveat
- 15:00 – Mining Stocks: Showing More Resilience Than Silver
- 17:00 – Energy: Oil & Natural Gas — Long-Term & Short-Term Outlook and Key Levels
- 20:55 – (Must Watch) Gold & Silver: What’s Different This Time vs. 2011
- 24:10 – Uranium
- 25:19 – Silver Chart & Commodities Following a Similar Pattern
- 26:25 – Copper: A Topping Formation Developing?
- 28:13 – Bitcoin: More Pain Ahead? Key Levels to Watch
- 30:40 – (Must Watch) A Major Red Flag for the Stock Market: Money Rotating Into Defensive Sectors
Chris Vermeulen
Chief Investment Officer
TheTechnicalTraders.com
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