Here are some HUI and HUI:Gold ratio charts to close out the year.
Happy New Years to all. 😉
HUI:GOLD ratio charts:
The SPX lost the 10ema today on day 36. The SPX is now in the early part of my timing band to find a TC Low but the band average can last to 46 days or longer so we could see a couple more weeks of downside action.
Previous SPX Updates:
My cycle work shows that Gold is on day 8 of a new Trading Cycle. Gold, Silver and the Miners largely ignored the surge in the USD today. My charts show that the USD made a lower high today preserving the day 8 top in the dollar’s current Trading Cycle. … Continue reading →
I have the SPX 35 and in the early part of my timing band to find a Trading Cycle Low. While the SPX has broken my TC Uptrend line, it found support at the 10ema. After bouncing off the 10ema on day 33 price is now testing my red TC … Continue reading →
Gold and the Miners (GDX) are in my timing band to find a short term Trading Cycle low here. The larger question is will this also be the longer Yearly Cycle Low as well. We are in the timing band for a YCL as well (the last 3 YCLs for … Continue reading →
I have the USD on day 12 with a Trading Cycle high on day 8 so far. While it has broken my TC Uptrend line, it has also found support at the 10ema. A close below the 10ema on the USD at 102.65 may lead to a failed, left translated Trading … Continue reading →