Monday, June 24, 2013

Breaking Support! SP-500 and GLD

SP-500 (Weekly) Bearish

  • SP-500 still in Bullish Fork but turning Bearish fast
  • Break Below 1500 would be very Bearish
  • Move above 1600 would be Bullish
GLD (Weekly) Bearish
  • GLD still in Bearish Fork
  • Break below 120 would be very Bearish
  • Next support would be near 104
  • Would not be long gold here!