Should be setting up for a spike or breakout.
It's clear as day folks. Gold is super cheap in terms of its ratio to the SP500. There is a direct correlation, when you look at the recession years, it was very expensive and SP500 was cheap. At the ratio now, you should be BUYING GOLD. Period.
Nothing like a little drama. Stay long. Stay very long....
Compression begins to the breakout sequence.
A rough day of the bots taking over during the Fed Beige Book, but a higher low means we trend higher. Hang in there.
Flag pennant breakout has occurred as this spring loaded action has been mounting as the rest of the market gets into nose bleed. This is the safest place to be for now if you are scared to do anything else.
Here are the Fib lines and potential outcomes as we get back into range.
A return to volatility will occur. Time in the dead zone has outlived its welcome.
Another failed attempt by $AAPL to pierce through that heave resistance line. Face it, it's not going to happen. Why? A CNBC article I posted on ST last night showed that AAPL is in the #2 spot in sales. However, more importantly, it shows that China market, much like US and other markets are not buying the X, they are buying last years model 7s. Big surprise?...
On Feb 1 my thesis is both AAPL and AMZN will revert to the mean.
It's going to be bigger than Foreman vs. Tyson. It's going to be the commodity cycle bull taking us to .80. Stay long...very long mate... it very well could blow through.
Here are the two outcomes. Options market agrees.