S&P/Gold Ratio at Key Retest Level

This is the chart of S&P Futures priced in #Gold. There are a couple ways to draw this channel (one where the channel hasn't broken), but I favor this interpretation where support turned to resistance.

I am watching closely to see how this resolves. The Fed announcement tomorrow should bring a clear near-term direction. GGC GLD SPX SPY #SPX
Chart PatternsS&P 500 E-Mini FuturesGC1! (Gold Futures)GLDGoldSPX (S&P 500 Index)S&P 500 (SPX500)Trend Analysis

Disclaimer