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chart- sp500 v

  1. woddonnee

    5,382 Posts.

    G'day all
    Just messing with some charts and thought I'd post this, just for the hell of it. As you will see the chart is of the sp500 (black) and the xau (US gold and silver stocks). Evident is the higher lows on the xau, which got a little overbought recently and has now settled back, a pennant has formed indicating a major break, one way or the other. Personally expecting up but watching.
    The sp500 just making lower lows and highs, nothing has changed much over the last 2 years of the chart. Maybe the trend will change, but it hasn't yet.
    A child of the bear

    PS I hold crs atm, wondering what that p&f chart looks like now john?

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