Looking like a pre-Christmas SPX sell off is in the offing,...

Looking like a pre-Christmas SPX sell off is in the offing, though early days. Gold has been correlating with the SPX this year, strangely.
IF this plays out the timing wouldn't bode well for an RXL ann in a likely down market.
If there's another down night in the US and the middle indicator (AK MACD BB v1.00) throws another red dot below the BB it would confirm.



In addition, the current configuration of sp to MA's and the BBs (below) suggests an imminent pull-back to the 50D SMA/65D EMA (blue/green).
A close below the 13D EMA tonight would confirm.
First target would be 3,500 as first resistance >> then a test of the 100D SMA at ~3,400.



VIX (below) has been strongly correlated as you'd expect, so the current kick in the green dots clear of the BB in the middle indicator (AK MACD BB v1.00) should be prescient of a SPX pull-back.



The RXL chart (below) is in a down-trend (as if you don't know already!), lower highs/lower lows. Only positive results will save it. But as I suggested above, any positive RXL news may be cast into a down market, not the most conducive environment. In the current circumstances it would need to be exceptional news to move the dial in a meaningful way, the downtrend has been going on for too long and it's becoming established.


Conclusion:
Currently RXL is a buying opportunity awaiting the ann which may/may not rally sp significantly, depending on likely SPX pull-back. However, follow-up RXL announcements may provide a more significant lift, depending on their timing of course.

What has been disenchanting RXL punters lately has been the slew of positive news coming from every also-ran goldie on the ASX, making RXL appear left behind.

My observations give me guidance only, they are not guarantees of outcomes.
For me, I'll hold and see as results to-date have been consistently promising, albeit tardy. (8 out 10 for work handed in, points deducted for lateness)