Friday August 31 –

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SPX - The SPX broke out above the upper trend line, but dropped back down on Thursday.  We see a gap & the 10sma below, these could be initial targets, so let's see how things play out.

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Thursday August 30

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Let's discuss the current set up in various market sectors.

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AUGUST 29th – Here Again

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1.  Last Night I mentioned to my readers that I was seeing a drop in Gold coming.   Gold was at $1212, and I posted this chart saying that we could see a drop to $1200.  That is not a big deal, but we are waiting for a short cover rally, so  apparently we had to 'expect delays'...

   

2.  The drop started here, and I posted this in the comments section. Again, not a big scary concern, just Expect delays..

Let's talk about Gold $1200

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