Greetings again, Everyone!
As we recently commented on concerning The Dow Appreciation and Gold/Crude Correlations coming into view… the S&P is also showing us some validation for the Risk Appetite Climate we are currently working in.
Here is the Dow View once more…
On the S&P 500 Weekly View also concerning the Longer-Term… the 61.8% Fib Variant of the massive Downleg High @ at October 2007 shows Confluence with the 200 SMA. This Area is certainly plausible in the coming weeks… especially if we get the 50EMA to fully negate the “Devil’s Cross’ currently in Play… and move to a “Golden Cross” Formation.
Certainly a Thought here… so we shall see!
