Friday Gold & SP500 Market Meltdown Opportunity

Its been a great week for traders who have been watching gold and the indexed become more and more overbought on the intraday charts waiting to take advantage of the reversal which unfolded today.

I have been talking about this move for several weeks just waiting for the market to reach the tipping point and today was the first day of possibly a larger correction.

Below are two videos showing today's price action. The first video is the calm before the storm...

The second video shows the calm after the first thunder head passed over the market.

Video #1 - Morning Gold & SP500 Intraday Analysis and Setups:

Video #2 - Afternoon Trading Opportunity:

Some words from the Chat Room for Today's Trade:

Steve - One of the best of my life!!!

Airgar - Chris, I don't know exactly how you do it, but that was very impressive!

Russ - Vodka & coke tonight! Very Nice !:P

Gold & SP500 Trading Conclusion:

As you can see from the two videos above, there is big money in the market when a once uses a proven trading strategy along with strict risk and money management. Several traders pocketed a few thousand dollars today on this drop in both gold and SP500 showing how my hybrid of intraday and swing trading gets the best of both worlds in today market conditions.

If you are interested in becoming part of this exciting trading service which focuses on traders who want to become part of a tight community of like minded traders, learn from my daily videos, live chat room with only 5-7 trades per month on low risk yet high return trades then please checkout my service new service:

Chris Vermeulen