Gold has convincingly broken out of its triangle. We remain skeptics, but you can’t fight the chart staring you in the face and the markets haven’t got the zika virus out of their system so look for a profitable but not long lasting trade.
The SPX chart is now very bullish. The PnF target is 2189. More than a toe is probably warranted in this situation. Now we are either in a killler bear market rally or exploding into a new powerful uptrend.