SP By Any Other Name (SPXGLD) ....
....Would smell not quite as sweet.
From Zero Hedge a couple days ago, but still interesting: "Real" S&P Back To April Levels
From Zero Hedge a couple days ago, but still interesting: "Real" S&P Back To April Levels
click on chart to enlarge
Please note the very clear abc structure up from the March lows, and a truncated c wave ending in late August. Additionally the move down from the August high looks to be assuming an impulse wave structure.
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