Unless you visit the Notes From the Rabbit Hole website regularly, you might think the title of this article implies it is written by a market analyst pretending to know what will happen; like a top in the stock market or a resumed bull cycle in gold. You might also think it is written by one of the writers who’ve either a) been fighting the stock bull since the bearish market terminated a year ago or b) been a perma gold bug bull.
So once again, we have our disclaimers because in a milieu of quickly forgotten soundbites, integrity is important. So I point you to a couple of posts (among many others) that indicated, when the time was right for people to get bullish the stock market in favor of gold.
From the July 22 NFTRH update, in the event you don’t wish to follow the link to read the whole thing…
Yesterday in a public post a target was established for the S&P 500. I’d love to see a drop toward 2100 to clear over bullishness but regardless, SPX targets 2410 as long as it’s at or above the noted support zone.
Here is the price panel of the chart from that update…
Indeed, SPX went on to make a hard test of 2100 on election jitters, as you can see by today’s version of the very same chart. That folks, was the last opportunity for those who had remained bearish after Brexit, to stop being so.