Replies to post #241391 on SPDR S&P 500 (SPY)

[nowwhat2]

I think I was simply highlighting the important Gold 1300 Level...
Plus was sharing some examples of "Technical Analysis".

Also sharing some thoughts re: what some software programs might be thinking....

Gold 1300 :




Hey, how come your chart has it at 1316 ?




Made me check also Kitco eh : http://www.kitco.com/news/2017-09-20/Gold-Prices-Back-Off-On-Hawkish-FOMC-Statement-Yellen-On-Deck.html

Wherein I saw this - "Gold bulls' next upside near-term price breakout objective is to produce a close above solid technical resistance at $1,340.00. Bears' next near-term downside price breakout objective is pushing prices below solid technical support at $1,300".



I dunno...

Perhaps more so now than in the past ?.....Gold is being considered a viable alternative ?.....



But gold bulls should monitor the DXY



'Cause they could get squeezed much like S&P Bears.....



If they're not clutching The Treasure Maps !....(Tokyo/Hong Kong/Gold/the Dollar/Proctor and Gamble, etc.)

[AnG5640]

Not always.

[BOS-MMT]

When gold shot to 1350, SPY created all the high as well. So the correlation only works in 50% of time or even less

[nowwhat2]

Stocks step back and take a breather as they pause to reflect on nowwhats' Tokyo 20,500 Level :
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=134718593

Not to mention his DXY 92 Level as well as his Gold 1300 Level


Yes. I'm quite certain that's what they're doing.....


They're scouring the internet for my beautiful charts !