The Ord Oracle: SPX, Gold Indices – Investing.com

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The Ord Oracle: SPX, Gold Indices – Investing.com

SPX Monitoring purposes; Sold 7/20/21 SPX 4325= gain .08%; long SPX 6/28/21 at 4290.61. Monitoring purposes GOLD: Long on 10/9/20 at 40.78. Long Term SPX monitor purposes; Neutral SPYSPDR® (NYSE:) Yesterday we said, “CNN Fear Creed indicator closed 18 (https://money.cnn.com/data/fear-and-greed/); readings below 20 have marked lows and at least near lows in the past. The 2 day TRIN closed Tuesday at 3.37; readings above 3.00 are bullish. The TRIN is showing there is panic in the market. Also the tick closed at -209 and the TRIN closed at 1.58 today and that combination has been bullish short term. Today’s surge in volume suggests a “Selling Climax”. Most likely there will be a bounce short term that may find resistance on today’s down gap. If the bounce does materialize we plan to sell our long SPX on that bounce. We will send out a short message on the sell of the long SPX position.” We got lucky and everything worked out. With today’s lighter volume rally (compared to yesterday’s volume) the market may stall here. The last few days has had high volatility, which, in turn, may lead to low volatility the next few days. Don’t see a good setup here…