I thought I'd check it out in a shorter time frame. Tight. (I should mention this has developed since around 10th Feb, from the 17th onwards, very close. From 24th XAUUSD frontrunning SPX. Theory/cause: improvement in overnight XAUUSD swap rate). Just tested. Trading SPX on the similarity of (H&S) pattern & disparity. Gold dropping, therefore SPX will. 5mins. 6.47% Result.