The Charts You Absolutely HAVE to Watch Going Forward

First and foremost, the bearish rising wedge pattern in the S&P 500 has broken to the downside. These patterns have a nasty habit of dropping to their base, so we could see stocks at 1100 in a hurry.

Indeed, not only have we broken the lower trendline that supported stocks since September, but we’ve also taken out major support at 1,300:

Elsewhere, the US Dollar has rallied to test its recently broken multi-year trendline. If it reclaims this line that it’s highly probable the Euro will implode and we’re going to enter another round of deflation.

Indeed, the Euro looks to have put in a double top at 140. We’re likely going to 135 if not 130 in short order here if the US Dollar can reclaim support.

Finally, Gold needs to hold the line at $1,400. If it doesn’t then we could be breaking the rising bearish wedge pattern which could see Gold falling as far as $1,250 per ounce.

Keep an eye on these charts. They MUST be followed going forward.