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Gold/Stocks ratio: Time to short Gold and Long S&P500 soon

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Many people will think this post is insanity, but I'm simply revisiting, and zooming on a very interesting setup I had detected some time ago.
This is a ratio chart of the S&P500 index compared to Gold. The risk off sentiment is reaching a very vivid extreme here, and like anything else, it trends with Time at Mode concepts.
I'm interested in monitoring it since we're very close to a projected target for it, and also, close to the time expiration of the last uptrend signal.

If we see a drastic turn once either (or both) targets are hit (time/price), we might be able to capture a great long term entry in this ratio.

Refer to related ideas for the monthly view.

Cheers,

Ivan Labrie.

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Two days left, target not hit yet.

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Nice turn so far.

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Target hit, one day left.

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Right on the last day, we see a turn...I think this is it.

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A break under yesterday's low would seal the deal.

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Let's see how this one progresses. I hope people managed to catch the trade, the idea was to buy S&P500 and sell Gold, or buy S&P500 with gold if you had longs.
Currently a profitable trade. (same as buying oil with gold, which I did take myself)

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Two new lows...the deal is sealed.

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Anyone took this pair trade or the oil/gold one?

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This and oil/gold are acting great as pair trades. Not a bad idea to hold the pair setups.
I'm flat atm, on those, but I am in correlated trades.

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Trendline about to break down.

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Trendline held for now.

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Trendline finally crossed...now if we close below it, this is a big deal!