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 has created a series of lower highs and lower lows during the past 5 years. Some would define that as a bear market.
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!
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