In a recent Zignals blog article I talked about the trouble with gold; gold took a technical hit yesterday; breaking a sideways congestion and its 50-day MA:
Note the two distribution days in the GLD ETF (another tick in the negative column).
The VIX created it's second spike top. Now it needs to run to (and below) its neckline as I suggested yesterday:
There's a good 'feel' for a bottom here. Howard Lindzon has a more proactive approach based on the views of the dishevelled one.
Dr. Declan Fallon, Senior Market Technician, Zignals.com the free stock alerts, market alerts and stock charts website