monthly chart analysis, page-5

What I notice from your presented charts is that a number of similar situations occurred in the last 3-4 years with similar coincidence of indicators.

These situations seem to represent primarily minor market pullbacks or consolidation periods followed by further gains in the market index, essentially indications that a buying opportunity was soon to come.

You need a far broader view of the US and world markets than a few simple indicators that can be interpreted to mean anything you desire.
There are a number of new, unprecedented and powerful factors in the financial and geopolitical scene these days that seem to be causing quite some confusion among market analysts most of whom have never been particularly reliable in forecasting the future direction of US and world markets.


I find it hard to see that gold price movements is so strongly predictive of equity prices except of course for equities related to gold mining, processing and sales although there is an industrial equity linkage in some critical industries.

The more obvious linkage is due to a correlation with gold and currency movements, particular recent USD drops that has of course an impact on equity prices.