For spot gold watchers, the spot gold are in a tear to the upside. It is making a parabolic move right now. Once it is done, it could come down hard just the oil crash in 2008 from the peak of $140 per barrel. When the spot gold hit its peak, I will say the stock market will hit its peak.
Again watch the U.S. dollar currency closely. If the dollar currency closes below 75, the market will be heading higher. Also watch GS closely. If GS bounces off from 170 and head back up, the market could go higher from here.
For spot gold watchers, the spot gold are in a tear to the upside. It is making a parabolic move right now. Once it is done, it could come down hard just the oil crash in 2008 from the peak of $140 per barrel. When the spot gold hit its peak, I will say the stock market will hit its peak.
ReplyDeletethat could be the bottom on SnP today.
ReplyDeleteSPY is back up to the resistance level at 111.00 and QQQQ at 44.00. If both of them close above these levels, there could be more upside ahead.
ReplyDeleteAgain watch the U.S. dollar currency closely. If the dollar currency closes below 75, the market will be heading higher. Also watch GS closely. If GS bounces off from 170 and head back up, the market could go higher from here.
ReplyDeletethis is very painful on the eyes...waiting..and waiting.
ReplyDeletemycling
BAS, it will be the same too tomorrow and Friday.
ReplyDeleteSPY and QQQQ is bouncing off the 13 day moving average twice, today and last Friday. The 13 day moving average is still going up.
ReplyDeleteThere are lots of stocks are above the breakout point or level. V, MA, GOOG, AMZN, GLD, POT, IPI and many others