Gold Daily Chart

SP 500 and NDX September Futures Daily Charts

Stocks were pushed higher for much of the day.

The GM IPO was announced and stocks faded into the close losing even more ground after the 4 PM cash trade cutoff. As you know the futures trade until 4:15 PM.

It is too soon to attribute anything to this one way or the other, except for another failure at the test of overhead resistance, but no breakdown below key support and the key Pivot.

SP 500



NDX

SP 500 September Futures, Gold Daily Chart, Silver's Ascending Triangle

SP 500

Goal line defense at that pivot point, but they were unable to break it out above overhead resistance today, even on light volumes.

Come on boys, let's get that GM IPO rolling (even though Goldman poisoned the well for the underwriters by low balling the fee)



Gold

Let's get ready to rumble.



Silver

A Massive Ascending Triangle is building energy for what may be an explosive breakout.



Examples of Ascending Triangles