Playing the Triangle Offense

In addition to the UGA gasoline ETF chart we have been teaching, both crude oil and wheat, on their respective ETF and fund charts, below, are sporting bullish-looking triangle consolidations in the context of prior uptrends. 

In light of The Fed's pussyfooting around its "fight" against historically high inflation, the only two ways out of it I see are: 1) A massive deflationary crash which crushes inflation and destroys virtually all financial assets, or 2) A runaway move higher in commodities which eventually destroys so much demand that inflation recedes. 

As of now, wheat and oil are rising to the forefront alongside corn and soybeans among the very best commodity performers. 

Regarding tech and growth off yesterday's massive squeeze higher, I still see little to no actual technical evidence of them bottoming, and therefore have no interest in buying longs in those stocks and sectors.