The Test Comes Early

My system moved lower to +900 confirming the sell signal and is the lowest we have been at since April 2nd. The Dollar again tanked with equities and is nearing the important 80 level. As for the $HGX, it is right at its testing level that I talked about yesterday but it's there a bit earlier than next week. A break of 80 on this index isn't the death knell it would have been last time down here. However, a close below 78 should send it lower to 70 and if this test is going to be successful, I would not expect this move below 78 to happen and if it does there better be a heck of a bounce off the level. I will be taking an early holiday and my next post will be on Tuesday. By then we should know whether the $HGX survives this test.