SP-500 Weekly + QE 3 In Sept = Markets Short Term Jump

SP-500 Weekly

• Bulls Get Ammo From Fed Speech
• September 21st Next Fed Meeting
• Look For QE3 To Be Unleashed
• Market Jump Should Go Tell 1205-1235 Before Heading Down Again
• If Bulls Can Break 1257, Bull's Will Control The Market

Gold Near A Top & SP-500 Trading Range

GLD - Weekly

• GLD Starting To Look Like SLV Did Before It Topped
• WOULD NOT BUY GOLD HERE
• If Long, Have 5% Trailing Stop In Place
• Could Get One Last Big Pop Near 190 Range On The GLD
• Note If There Is QE3 Gold Could Go Higher, A Lot Higher

SP-500 Weekly

• Support Should Come In Around 1090-1100
• Once Support Is Hit Look For A Bounce To 1170-1235
• Bounce Could Come Into Play Do To New Hopes of QE3 Or Euro Bonds
• If Support Is Broken = WATCH OUT
• Market Could Go In Free Fail