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

CLICK ON CHART TO ENLARGE

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.

 

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past