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SP500 Kitchin Cycle says trouble brewing - Update
SP500 How much higher ?
In short, the old heads out there know there is a ying for a yang! Currently the SP500 screaming higher, massive debt, low very !VIX. But as well all know this wont last forever, and the flip side could be very scary. Hence the hedge into metals, and building of the 4.5 year gold base, and as a Richard Wyckoff analyst a base is 'future profits' that can not be ignored.
Within the gold chart below (GLD) we see two dominant cycles, and both show a bottom is forming which should end with an upswing into year end. Notice that cycles do exist in the gold market. Cycle do go 'missing in action', and they do return. Cycles are guide to price highs and lows, price action (Wyckoff Logic) over rules cycles for investment decisions.
The indicator on price is our own RTT Steps which shows off climbing Support and Resistance.
Original Post: http://ift.tt/2hVRdOt
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