Wednesday, June 18, 2014

SP500 versus Gold


Since the end of 2012, shorting Gold, and going long the SP500 has been a great trade.
The blue circle you notice on the SPX chart is price getting above its 200 EMA
While the SP500 is in a "clear" uptrend, note that Gold is showing signs of a major bottom.
If Gold jumps above 1300, consider shorting the SPX

No comments: