Money Flow: SPX Vs GOLD Vs OIL

By Candy Matheson of Strawberry Blonde's Market Summary

Blogger & Retired Russell 2000 E-mini Futures Day Trader • Feb 1, 2020 at 2:44 PM EST

Gold is poised to take the lead away from the SPX in terms of safe-haven money flow, while money has been fleeing Oil.

Further to my post of January 9, Gold is poised to take the lead away from the SPX in terms of safe-haven money flow, while money has been fleeing Oil.

As shown on the following monthly comparison chart of the SPX, Gold and Oil, the balance of power has shifted from buyers to sellers in the SPX.

For further clues as to further weakness or strengthening of the SPX, please refer to my comments with respect the SPX:VIX ratio in my last post, which hints of further weakness. Furthermore, January's candle formation on the SPX is a shooting star, also a bearish signal.

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