Archive for month: June, 2018

I want to briefly discuss something that I mentioned  I was looking for to signal a change in the Gold Market.   I believe we have that change as of Thursdays ECB Mtg.

What Can I Say, that hasn't already been said?  I was thinking about this FOMC WEDNESDAY Report, and   basically we have covered it all, so What Else Can I Say? We have been through this FED DAY CHOPPINESS many times too, and so I got to thinking,  "The weekend report was written with this FOMC Mtg in mind".  That's when I decided to take the charts from the weekend report and add them here as a review, along with some newer updated charts. That way we can see what we expected then, and where we are now.

Honestly -  expectations remain the same. Let's take a look...

This weekend report will show that we did not see a lot of change from the expectations of last weekends Big Picture Report. We will discuss Gold a lot  more than the other sectors though, since it is boring us to death at a very important time period.  Our Theme Picture could be entitled, "Wake me when Time's Up!"

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SPX - So far the break out, back test, and follow through higher is playing out. We really want to see 2801.90 taken out to prevent a L.T. Intermediate Cycle. That is only 22.87 higher from Fridays close.

SPX -  At the end of May we completed out Break out and Back test, so this was expected to make a run for the January highs.

SPX - And we have been running higher, so with this kind of set up, you can just buy & hold.  Let me show you a couple of other charts...