12pm update - micro double top in the mid 1820s

The bull maniacs have managed a borderline significant bounce to within 2pts of the Wednesday 1826 high. Barring a break >1827, this is a pretty straight forward situation.. chase long >1827/28..or re-short, with a stop in the 1825/30 zone. Metals continue to build gains, Gold +$8


GLD, daily

sp'15min

Summary

*Gold hasn't traded above the 200 day MA since Feb'2013, so....we're getting real close to where a lot more people will be paying attention.
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The smaller 15min index cycle more clearly illustrates how a micro double top is probably setting up. We'll know soon enough, certainly within an hour or two.
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12.11pm...rolling over on the 5/15min cycles.... VIX set to turn green.

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VIX update from Mr..R.



How about a valentines day massacre? If only. At best..we might hit 1800/1790s...briefly.

stay tuned!