Monday, July 26, 2021

SPX and Gold Updates

SPX has now made a new ATH:

Big picture:

And a "bonus" gold chart:

In conclusion, SPX is likely in Bull: 5, the question is whether it's going to extend, form a diagonal, or [end abruptly].  We'll presume we're dealing with one of the first two options for now, but will remain alert to the latter if there's an abrupt reversal and impulsive decline.  Trade safe.

1 comment:

  1. Keep changing as bull and bear count after market changes course. LMAO ashame to ellliotwave