Palladium Futures has been the best play in the Matrix for weeks - even better than U.S. stocks that get endless exposure. Does Palladium's good run mean it's about to collapse? Not necessarily. As the government slowly gets back to work, the computer is beginning to provide us with the advanced vision of accumulation/distribution within leverage.
Palladium is in the early stages of generating a blocking dome, but as of 1/22, this dome weakened. It's the main reason why Palladium has risen to all-time highs since then. Had I known that, I would have likely added to my palladium position in January.
Has another blocking dome materialized as the price rallied in February? We'll have to wait a few weeks to see. What we do know is that powerful rallies often require multiple domes (2 or 3) before a more sustainable correction materializes. The trick is to watch WA. WA measures participation. A meaningful decline in WA between domes often generate excellent entry points. Of course, we'll don't know what WA is doing either, but that will change in March. If the setup is right, palladium could reset and rally even further.
Palladium is still one of the best plays in the Matrix that the talking heads won't acknowledge. The rally is over when they do.