Dollar and Treasuries Lead as Gold and Oil Lag

Arthur Hill
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com

This chart cover the recent shift to risk-off. The US Dollar Index ($USD) and the 30-Year US Treasury ($USB) are leading over the last six months as both trade near six month highs. Spot Gold ($GOLD) and Spot Light Crude ($WTIC) are lagging as both trade near six month lows. The S&P 500 is somewhere in the middle, trying to make up its mind. Should this risk-off trend continue, $SPX is likely to join oil and gold at the bottom of this chart.

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Arthur Hill
About The Author:

Arthur is the Chief Technical Strategist at TrendInvestorPro. Focused primarily on US equities and ETFs, his systematic approach of identifying trend, finding signals within and setting key price levels has made him an industry-leading technician. Learn More 

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