In gold, the VC PMI recommends being neutral and waiting for the market to trigger new buy or sell levels.
The E-mini S&P has activated a weekly buy signal at 2724, with a first target of $2753.
An E-mini S&P close above 2753 will activate 2878 to2907 as targets.
Soon I’ll be offering a subscription service on Seeking Alpha providing even more access to reports based on the VC PMI.
In this special weekend report, I want to review the information we’ve been publishing on Seeking Alpha about the gold market and see how it is doing in comparison with the movement of the market. Then I will offer a new analysis of the E-Mini S&P 500 using our proprietary Variable Changing Price Momentum Indicator (VC PMI).
Read more HERE