Just Follow The Forks

SP- 500

• Forks Knew ISM Would Be Bad
• Also Knew Debt Deal Would Not Be Done Last Week
• SP-500 Still In Large Bear Fork
• Break Above 1340 Would Start To Bullish
• Should See Some Life At 1230
• Break Below 1200 Would Suggest 1060 Could Be In The Cards
• Could Still Have One Last Rally Later This Year, Fueled By QE3

GLD

• GLD Still In A Bull Fork
• Break Below 150 Would Start To Be Bearish 

Bulls Come Back

Much Has Happened Since I Have Been Out Of Town:

• New Greek Bail Out - Which buys Time
• No QE3 Yet - But Hints of It
• Debt Deal Needs To Be Reached By Sunday 7-31
• Will Come Down To The Last Min
• Bet We Will See It Go Into Monday 8-1

Lets Update The Forks And Post The Charts!

SP-500

• Fork Called The Top At 1356
• Break Above 1354 Now Would Break The Bear Fork
• Debt Deal Soon? Not Soon The Fork Says NO!

GLD

• Fork Called The Bottom At 143
• Break Below 147 Could End The Bull Run
• Bulls Fork Still Holding Strong