Russell & SPX breakout

Russell & SPX are valued against gold on this graph. It is the first spread graph analysis that uses the Russell index. I used it to represent mid-sized firms, which are arguably a better representation of the overall health of U.S economy (particularly banking stability); and SPX. Considering the ongoing USD turbulence, Gold historically and intuitively appears to be the most suitable asset to measure against for analyses.

The graph shows what the market is expecting from next week (full of crucial macro readings), and it doesn’t look good.

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