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Gold Bugs and S&P 500 break 5-year channels at “Same Time!”

By kimblechartingsolutions
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Courtesy of Chris Kimble.

spx gold bugs breaks 5-year lines at same time feb 8

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S&P 500 has created a series of higher lows and higher highs for the past 5-years! Some would define this as a bull market.

Gold Bugs Index (HUI) has created a series of lower highs and lower lows, for the past 5-years! Some would define this as a bear market.

Hey friends check this out; It appears the S&P is breaking 5-year support and the Gold Bugs index is breaking resistance, at the SAME TIME.

“Super Trends” coming to an end?  The Power of the Patterns suggests that if these support/resistance lines get taken out, this could be a pretty big deal friends!!!

Full Disclosure…Premium Members are long Silver.

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