Something certainly changed this last week.
I had been on a LT btfd setup for May, watching for a trigger that seemed to be fading out of range.
Sam was looking for a wedging decline into a reversal later this summer, ahead of a furious rally.
But now, is it here already?
Sam expects the orange c to be the bookend to the corrective rally that began in Dec 2015 with orange a up back then.

“The run up since May low of 1267.30 is black b up of red e down. It seems it has more upside near term.
Black c down of red e down to new low will follow.
(But) It is also possible to count that red e down has come to the end, and gold price is already on orange c up.
If gold price move up above red d high of 1349.80, then orange c up is confirmed as shown in black arrow of above count”

pdl adds … orange c up to green B, would mark the end of the second leg of Cycle IV, with green C down below $1000 to follow. Sam’s count for SPX also sees a major top in 2020. Coinciding with a significant dollar low and presumably, a renewed global dollar funding crisis.