S&P 1450 anyone?

A reader asks if I had seen the Cup & Handle in the SPX.  I had not thought of it as that, but at his prompting have drawn it up as such.  Regardless, the break to recovery highs, if not reversed quickly, loads SPX 1450. 

I am going to be ready to get ever more fearful the higher this climbs.  There is a favored upside target for the HUI gold stock index, and it is way higher.  The less favored one is even higher than that (3 Snowmen @ 888).  But it is now time to starting thinking about exit strategies (selling opp's) down the road.  We have and will continue to review in NFTRH why this is not a uniquely healthy situation for the gold stocks (all one market kinda thing). 

All the Fed Chief is doing is begging for speculation, and it looks like he'll get it.  I am planning to sell to the stupidest of these speculators as they show up near upside targets, assuming we are lucky enough to get a drive to SPX 1450 and a corresponding moonshot in the gold stocks.