Gold toast - Market Toast???

Tonight it is pointing to yes. We will see tomorrow morning if the selling in Gold and the futures stick. The move in the Euro tonight tells me it just might.

Here is my Gold chart. I counted the move as being completed this morning, with confirmation selling through the 2-4 trendline. Another deep leg down should ocurr overnight or tomorrow morning.


And below is my S&P count. I believe we completed wave-2 up near the end of the day. My next target is about 80 points under where we are, with support being at 1000. If tomorrow opens deep red, we could get there even quicker than I expect.