Seasonal Top for SPX will probably mark a good bounce soon. $GLD $GDX $SLV $GDXJ $NUGT
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SPX 20 Year Seasonal: imgur.com/a/3GinM2V
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See attached idea
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The 200 Week SMA is just below these lows by a few ticks. WATCH for a false breakdown this week and immediate buying (no sellers left) to go long.
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Gave up DEC 2017 low and now striking 200 Week SMA. Looking for capitulation selling followed by immediate buying.
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Over 50k GC contracts traded here on that break.
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Gold seasonal pattern with multiple lookbacks www.forbes.com/sites...nal-trading-pattern/
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No position and it would take a miracle by the end of the week to pop back in the fork.
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Most oversold on the weekly chart in over 3 years. Check out the MFI.
