The pattern that played out looks corrective and so the downside still needs to be considered for next week. How long it will last will depend on our indicator. 1620 - 1622 range in the SPX would be the ABC target unless we get a more drastic push to the downside. The downside impulse will be the clue in whether this market has topped or not.
Mid-Term: UP
Short-Term: DOWN
GOLD: gold has retraced half of its loss at the end of the day, putting in a reversal candle on the daily chart while the Stoch. crosses down. A higher high would put a divergence to the price vs indicator. So start looking for short entry soon.
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