3309 Drysdale Ct
Edwardsville, IL 62025
$SPX - Chart Link - yesterday the 10
Stochastic was oversold, tonight it's overbought, and with MACD
div, higher risk now
the SPX still might want to tag that 2100 round number, it
tagged 3098 basically
$SPX - Chart Link - follow up to my 5 min
chart from earlier.
note I added a 2nd MA ribbon, one pattern I like to see is
notice how the top wider MA ribbon was pinching some and had a weak
bounce where the 9 EMA ran into the underside of the 20 and 34 EMA,
but wasn't your traditional bearish pinch. HOWEVER the faster MA
ribbon below you had a tight pinch and confirmed setup
$SPX - Chart Link
So how low do you expect Gold to go ? I've seen some all
the way down to 1390 area but i'm thinkin more like 1435ish.
I've been thinking it for a while but now it seems clearer
that at least a short term market top could align nicely with a
longer term low for Gold. Also Tuesday is a Full Moon...
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