Possible resistance for SPX at the current 2100 level. If the index cannot close above 2100 on 8-4 and if it shows weakness below 2087 that would indicate a larger drop to 2060 and possibly 2024 which is the Sept 2014 high.
I suggest that gold is in the final stages of its years long bear trend and that 1100 is a good price to consider buying. This would depend on the price reaction at the lower trend line and the RSI divergence remaining intact. I would take a spec long position with a daily bullish engulfing candle or something similar after price tests below 1100.
