By Chris Vermeulen, TheGoldAndOilGuy.com
Most traders I have been talking with are feeling the same thing. Something big is brewing for the equities market but most do not want to get heavily involved until there is a clear direction. The broad market has been consolidating for almost 3 months and it’s important to remember that the larger the consolidation the bigger the move.
Also the biggest and best moves come from failed patterns. So is the big head & shoulders pattern on the SP500 which everyone is yelling about (the sky is falling) really going to happen or is this the BIG fake out? Only time will tell, either way no matter which way it goes I will be sure to catch some of it.
Below area few charts pointing out patterns and trends which could provide some opportunity in the coming days or weeks.
http://www.thegoldandoilguy.com/articles/financials-oil-gold-on-the-move/
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