The trend changed from short to long this week as the market closed above the 2/22/10 candle. The big day was 2/25 as the market recovered intra-day. The trend could change back to short quickly if we break down through 1085 on the SPX. It could also double top at 1150. But for now it’s a confirmed uptrend.
We’ll stick w/ our forecast that a top is between 1100 and 1200 on the SPX. Was 1150 the top on 1/19?
Don’t know and won’t know until after the fact.
GLD closed above 110.50 which is a bullish sign.