This is an analysis that I hope that it ages well, as I am starting a long term position in gold today and adding this asset to my investment portfolio. Therefore, this is not a post about an isolated trade, with a specific expiration date or focused on the short-term.
In fact, from a trading point of view I have already lost some great entry opportunities,...
Primary Chart: Logarithmic Chart with 13-Year Secular Uptrend Defined by Parallel Channel
BRIEF SUMMARY:
The secular uptrend over the past 13 years is still valid and contains within its boundaries the current bear market, which is at the primary trend level.
SPX's price has fallen past the midpoint of the channel. Two weekly closes have been below the...
