SPU…GOLD

You have a double top on the point & figure charts at 1134..This level is now you’re trailing stop for shorts.

The dummy swing, for the downside, in the Spu from here is the 1050 area. “All new weakness is needed under today’s low for this to occur!”

Sell rallies…not breaks. You should get your opportunities from both sides of the market the rest of the day.

Gold needs back over 1750 for shorts to be worried. Right now,  it’s looking like another 80 dollars lower for a start.

Investors are now just beginning to hit the high flying instruments that have been a so called “depository” for safe haven cash.

If and when the S&P starts sustained action under today’s lows investors will hit the ATM button again.

In a world where every trade is the same trade you have to pick your poison.

 

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