Gold, Oil & Indices (Equity & Bond Indices)

Your 90.3 good call, spot on.

SPX today caught up with the ES in confirming flirtation with 61.8% target.

and everyone ready for next yr bloody warfair of smartfone/pad, everything next yr will be $199.

Last week we saw the normal inverse correlation for US treasuries versus risk-on turn to positive which is the status quo when an economy is perceived as being healthy. A far cry at this present time ! I suspect one or other has to resolve back to inverse this week in the absence of positive fiscal cliff news wires.

George I see a lot of resistance, everywhere there is a blue arrow/deep notch on the volume histogram at right. However the move off of 1340 level shows a lot of momentum ( perhaps a B wave in an ABC correction)and we appear to be stalling halfway through the next measured move up red dashed line as well at the overall 62 Retracement solid blue line.

The technicals are easy:reisistance as upside targets. The difficulty is judging and managing sentiment/ headline risk in an illiquid holiday market. They legged it up last holiday and the subsequent pullback held above 1380; Gotta think in terms holiday mark up for holiday bonuses on Wall Street...after all its not their 7.7 trillion at "risk" if you can even call it that anymore.
http://abcnews.go.com/blogs/business/2011/11/fed-gave-banks-trillions-in-bailout-bloomberg-reports/ http://my.jetscreenshot.com/12225/20121202-n2du-296kb