6.4 C
New York
Friday, April 26, 2024
HomeMarkets
Markets

Gold Bugs and S&P 500 break 5-year channels at “Same Time!”

By kimblechartingsolutions
0
52
psw-placeholder
psw-placeholder

Courtesy of Chris Kimble.

spx gold bugs breaks 5-year lines at same time feb 8

CLICK ON CHART TO ENLARGE

S&P 500 has created a series of higher lows and higher highs for the past 5-years! Some would define this as a bull market.

Gold Bugs Index (HUI) has created a series of lower highs and lower lows, for the past 5-years! Some would define this as a bear market.

Hey friends check this out; It appears the S&P is breaking 5-year support and the Gold Bugs index is breaking resistance, at the SAME TIME.

“Super Trends” coming to an end?  The Power of the Patterns suggests that if these support/resistance lines get taken out, this could be a pretty big deal friends!!!

Full Disclosure…Premium Members are long Silver.

–

To become a member of Kimble Charting Solutions, click here.

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

157,319FansLike
396,312FollowersFollow
2,290SubscribersSubscribe

Latest Articles

Load more

Note: The material presented in this commentary is provided for informational purposes only and is based upon information that is considered to be reliable. However, neither PSW Investments, LLC d/b/a PhilStockWorld (PSW) nor its affiliates warrant its completeness, accuracy or adequacy and it should not be relied upon as such. Neither PSW nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this information. Past performance, including the tracking of virtual trades and portfolios for educational purposes, is not necessarily indicative of future results. Neither Phil, Optrader, or anyone related to PSW is a registered financial adviser and they may hold positions in the stocks mentioned, which may change at any time without notice. Do not buy or sell based on anything that is written here, the risk of loss in trading is great.

This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities or other financial instruments mentioned in this material are not suitable for all investors. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only intended at the moment of their issue as conditions quickly change. The information contained herein does not constitute advice on the tax consequences of making any particular investment decision. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation to you of any particular securities, financial instruments or strategies. Before investing, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

Contact us: support@philstockworld.com

© Copyright - PSW, LLC.

2024
0
Would love your thoughts, please comment.x
()
x