SPX upwards trend corresponds with the Dollar's downward trends. How far does the dollar have to go? Well looking at the dollar index it's previous low around 72, it's currently at 74.5. So it still has some way to go. The Gold upward trend is still in tacted with many commentators like Marc Faber of the Doom, Gloom and Boom report says that we haven't reached the top of the market yet.
When looking at trending charts, a simple way to analyse them is to follow the previous lows and highs. As long as we have higher lows and higher highs the trend is still upwards. When the previous low is broken by the current price, that is a wake up call. The trend MAY be changing so watch carefully.
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