Anticipating further correction in the major indices before the downtrend is broken.
Major US indices stopped by daily resistance, if downtrend continues another flight to gold may happen, confirming a bull flag.
Put to call ratio is indecisive on DIA .85 SPY bearish 1.74, GLD indecisive .89, GDX .18 bullish, Neutral to bullish option chains for gold.
Dollar running into daily resistance UUP 2.85.
Major US indices stopped by daily resistance, if downtrend continues another flight to gold may happen, confirming a bull flag.
Put to call ratio is indecisive on DIA .85 SPY bearish 1.74, GLD indecisive .89, GDX .18 bullish, Neutral to bullish option chains for gold.
Dollar running into daily resistance UUP 2.85.