SPX Monitoring purposes; Long SPX on 12/27/17 at 2682.62. Monitoring purposes GOLD: Long GDX on 12/20/17 at 22.49 Long Term Trend monitor purposes: Neutral.
The COT Commercials short position stood at 128K last week; up from 119K the week before; still in bullish levels but less so than a week before. The bottom window is the Up Down Volume indicator which is above “0” and rising and bullish. Next window up is the Advance/Decline indicator which is also above “0” and rising and bullish. Top window is the RSI which is greater than 50 and on a bullish signal. Support lies near 2.75. Trend is up and bullish trend could last for months. Long GDX on 12/20/17 at 22.49.