sjroden

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SPX 83% | 5 XAUUSD 16% | 1
sjroden sjroden SPX500, 60, Short ,
SPX500: Failure to hold 2087 opens door to 2024...  SPX
12 0 0
SPX500, 60 Short
Failure to hold 2087 opens door to 2024... SPX

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.

sjroden sjroden XAUUSD, D, Long ,
XAUUSD: Gold 1100 end of the road for bears?
81 0 0
XAUUSD, D Long
Gold 1100 end of the road for bears?

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.

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