[EOD] Stocks and Gold update -
A notable day with respect to Gold and Stocks.
Gold is likely wrapping up the proposed wave  correction since its 2011 wave  high (Chart 1).
Both SP500 and the Dow closed around trendline and channel support (Chart 2). The sell-off today allows us to track the bearish count of a/the top (Chart 2 blue) and the bullish counts of a wave [iv] or 4 pullback (Chart 2 green).
For the very near term, squiggle counts from the high suggest a rebound to 1560-1570 area if not more (Chart 3).
[8am] ES update -
A zigzag down from the high at the moment.