SPY is currently testing the key 294 support once again while the risk-off assets (gold, silver & T-bonds) have all rallied into resistance. TRANSLATION: At least a minor (but tradeable) bounce in equities & pullback in gold, silver & Treasury bonds is likely at this time.
SPY 60m 2 Oct 1st
/GC gold has hit my near-term bounce target of the key 1492 resistance level where at least a minor pullback is likely. Previous & updated 60-minute charts below.
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- GC 60m Oct 1st
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- GC 60m 2 Oct 1st
/SI silver has also effectively hit my near-term bounce target of 17.400ish where at least a minor pullback is likely. Previous & updated 60-minute charts below.
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- SI 60m Oct 1st
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- SI 60m 2 Oct 1st
/ZB (30-yr Treasury Bond futures) has rallied into the significant 163’070 resistance level on this initial thrust off the divergent low with at least minor pullback likely.
ZB 60m Oct 1st