SPX vs Gold Ratio set to DROP.

Have not posted this in a while... (Jiffypop reminded me)

SPX:GC ratio

Does not mean the SPX has to drop... just that gold grossly out-performs. (at least initially...)

But then in the (C) down likely to see SPX dropping a lot in P.4 while gold rallies even more.

I LOVE how the P.2 low on this chart lines up perfectly with my projected timing for P.4 in SPX... ~Nov 2020

If we were to see SPX fade back to 2300-2100 into Nov 2020 for P.4 and at the same time looking for a 1.31 ratio for the P.2 low of SPX:GC... that puts gold at... 1600-1755/oz. laugh And that is only the 38.2% retrace for P.2 on the ratio... 

I have GC targeting the (3) of P.3 into that timing window ~1750-1800.

SPXvGC - Primary Analysis - May-04 1321 PM (1 day)
SPXvGC - Primary Analysis - May-04 1321 PM (1 day)
SPXvGC - Primary Analysis - May-04 1322 PM (2 hour)
SPXvGC - Primary Analysis - May-04 1322 PM (2 hour)
SPX.XO - BIG Macro - May-04 1328 PM (1 day)
SPX.XO - BIG Macro - May-04 1328 PM (1 day)
QGC# - Primary Analysis - May-04 1331 PM (1 day)
QGC# - Primary Analysis - May-04 1331 PM (1 day)
Zac Mannes is co-host of the service Stock Waves within the ElliottWaveTrader Trading Room that provides wave alerts and trade set-ups on individual stocks.