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Time for what? The clue is in the picture, and we'll discuss that after a brief review of the markets.
USD - We were due for an ICL and not just a dcl in August, but so far this low is acting just like the other dcls, and they rolled over after going sideways for a while. If this drops and rolls over, I feel that Gold will POP and RUN higher.
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SPX - We are well within the timing for a dcl, and the swing low on Tuesday gives a valid buy, with a stop under the low of Monday.
If we get the dcl in place here, will the General Markets now just recover and take off to new highs?
Read More After a pretty solid reversal candle on Friday, the Precious metals sector gave us a little surprise to the upside on Monday. We'll discuss that and a few other things in this report...
SPX - 6 days ago I warned about buying the reversal in the General Market, because the 'timing' was not quite right and some of the internals did not look healthy. The reversal on Monday is within the expected timing for a dcl, though some internals are still weak. This one may be the dcl if we get a swing low in place.
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