S&P 500 & GOLD CORRELATIONS&P Index Cash CFD (USD)VANTAGE:SP500BA_InvestmentsDON'T BE FOOLED BY THE S&P 500! Here's the chart I shared with my students on our 'Q3 Market Breakdown' report. Let's go into a bit more depth regarding it & how the S&P 500 could front-run the big move on Gold for the next few months. From my 'Elliott Wave Theory' strategy point of view, the S&P 500 is possibly due one more ATH (All-Time-High) to complete Wave V (Major Wave 5). So far we've seen the Major Wave 3 & 4 complete, with the final bullish cycle in progress. Wave 5 so far has created - Wave I, II, III & IV with final bullish leg Wave V now in progress. Check chart annotations🔺 As this bullish leg moves higher, it is likely to drag Gold higher with it towards $4,800 - $5,040📈 Once the S&P 500 completes this bullish cycle & starts to decline, we could witness a 27% crash. Institutional investors will panic from this crash & needs fund to keep their losing positions from being liquidated. This'll lead to them selling off their Gold, which should drag Gold to its next major target of $3,800 or even $2,800👀