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Stock Market Higher, Gold Down

The charts below show the stock market going higher into July 29th while GDX goes lower. A few months back I said that I thought the SPX would make new highs ahead and we are there. My original thought was, it would go higher into early October. The power of the recent surge suggests the likelihood the top will occur much earlier.

SPX Hourly Chart
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SPX Daily Chart
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GDX Daily Chart
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Brad Gudgeon, editor and author of the BluStar Market Timer, is a market veteran of over 30 years. The subscription website is www.blustarmarkettimer.info

 

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