Breakout failed so I will look for stability around 1420.
Camoney
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Spot on. I noticed the beginning of the possible cup and handle formation at the beginning of September. The spy dji and Nasdaq has been squeaking a bit back and forth and even in the new high ranges, theres been no conviction or real heavy institutional buying. It's likely if we don't see a volume confirmation on a breakout they'll all be going lower sooner rather than later. Fed meeting, leading indicator reports, and earnings will all play a role this week and I believe we'll get an idea of direction. All of this should correlate with gold and where it's going in the short term.