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Wednesday, October 8, 2025

SPX and GOLD Updates

Last update provided a near-term trend line as potential support, and SPX never broke it, rallied up to a new all-time high, then reversed back through that line -- but the new all-time high negated the original near-term pattern that would have been applicable had it broken down directly.


Bigger picture, SPX is of course still in the channel.  It's been in some version of this channel basically forever.



Finally, it's a good time to update Gold, which I capitalize (I guess?) to differentiate it from the color (not really sure why I capitalize it, to be honest -- just doesn't look right in lower case).  Anyway, Gold is reaching the top of a sneaky bastage trend channel, so that's worth keeping an eye on:


Not much else to say beyond that for now.  Trade safe.

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