"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Friday, May 27, 2011

SPY 60 minute chart

I am never net short a rigged market, but I am short the SPY against longs in the preferred PM (esp. gold) sector.  As such, I do not want to see the top line violated or I will need to reevaluate.  As it stands, an unbiased view sees the pig simply filling a gap, but also within a potential bull flag.


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