RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis
S&P500 versus gold price
These charts are a little scruffy as I don't look at them often and post them even less. On the top the S&P 500 (red and green bars) and gold price, grey. On the bottom the relative stength of the S&P500 versus the gold price. Also plotted on the lower the 50, 100 and 260 day EMAs.
When, on the bottom blue plot, the blue line is moving up the S&P500 is stronger than the gold price. When it is moving down the opposite is true.