S & P 500 Cycles, Gold

S & P 500

The S & P 500 may be getting close to a short term top here cyclicly but the wave structure does not look complete. The cycles mentioned previously for the last half of July may be a high instead of a low. Sideways action is looking more likely the next few weeks or longer as there is a late August cycle that is more likely to be a low. An August low might be an ending C wave of a flat.


Gold

Gold still looks on track for testing the early June high.