There is a lot of uncertainty in the air. We have the upcoming election, talks of fast tracking a COVID-19 vaccine, and in general malaise and people are sick and tired of the lock down.
The major indexes are above their 30 week moving averages however they are not looking to be in good shape as evidenced by the S&P chart below.
Gold appears to be consolidating. Its moving average line is still sloping up however which is a positive indicator.
I am in a wait and see mode at the moment and expect some turbulence with the election.
