Gold/Stocks ratio: Time to short Gold and Long S&P500 soon

Many people will think this post is insanity, but I'm simply revisiting, and zooming on a very interesting setup I had detected some time ago.
This is a ratio chart of the S&P500 index compared to Gold. The risk off sentiment is reaching a very vivid extreme here, and like anything else, it trends with Time at Mode concepts.
I'm interested in monitoring it since we're very close to a projected target for it, and also, close to the time expiration of the last uptrend signal.

If we see a drastic turn once either (or both) targets are hit (time/price), we might be able to capture a great long term entry in this ratio.

Refer to related ideas for the monthly view.

Cheers,

Ivan Labrie.

Bình luận:

Two days left, target not hit yet.

Bình luận:

Nice turn so far.

Bình luận:

Target hit, one day left.

Bình luận:

Right on the last day, we see a turn...I think this is it.

Bình luận:

A break under yesterday's low would seal the deal.

Bình luận:

Let's see how this one progresses. I hope people managed to catch the trade, the idea was to buy S&P500 and sell Gold, or buy S&P500 with gold if you had longs.
Currently a profitable trade. (same as buying oil with gold, which I did take myself)

Bình luận:

Two new lows...the deal is sealed.

Bình luận:

Anyone took this pair trade or the oil/gold one?

Bình luận:

This and oil/gold are acting great as pair trades. Not a bad idea to hold the pair setups.
I'm flat atm, on those, but I am in correlated trades.

Bình luận:

Trendline about to break down.

Bình luận:

Trendline held for now.

Bình luận:

Trendline finally crossed...now if we close below it, this is a big deal!

Bình luận:

Closed below, now retesting, pay attention, gold might be a short.

Bình luận:

Time to monitor this ratio closely. I suspect the market is turning down here, if you trace a trendline you might get some timely warnings here.

Bình luận:

Bình luận:

This ratio keeps telling you when to long gold...now is the time.