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  • Chart Review in Gold and SP500

Chart Review in Gold and SP500

randholm
March 14, 2014 4:21 pm / Published in GOLD, Market Update, SPY

Chart Review in Gold and SP500

 

We saw a continuation of the sell off however the market did not print much lower than yesterday. The chart shows how the new trend line is not sustainable and there is room for a pop next week. The will have some data realize from the Fed this coming week.

Gold: We have started trade short on GOLD as I don’t detect smart money getting long at this levels. Technically could start a bull signal but my data shows that there are high chances of prices moving lower

SP500

GLD

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Mario Randholm Blog. Mario is the founder of Randholm & Co. S.A.C., an investment management company dedicated to producing superior returns for its clients and employees by adhering to mathematical and statistical methods.

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