spy blowoff top?

I am absolutely amazed at the parobolic rise of the SPY over the last couple of weeks as it reached my target of 102 without any pullback at all. So now what? I'm not yet ready to declare this bear rally dead. Far from it. One should not try to pick a top. From the above chart of the SPY, we're hovering around the 102 resistance band, and a breakout will lead to 106. Anyone who is still long though should be extremely cautious. This is not normal market behaviour. If you look at the intraday chart, you will see heavy evidence of manipulation. For the past couple of weeks, we've seen markets steadily decline over the day, only to be propped up between 3:30pm and 4pm with heavier volume. Now for the past week, we've seen the market gap higher, only to be met with intense selling from 3:30pm to 4pm with heavier volume. Perhaps GS has already made their money from the bear rally and is trying to cash out and dump onto the little guy? So I wonder if the SPY is experiencing a blow off top before a spectacular crash, just like oil last year.

The USD has traded higher for some reason (risk aversion?) , and that does not bode well for gold or other commodities in the short term. If you look at the daily chart of GLD, you will see that there should be heavy support for GLD around the 92.40 to 93 level from the moving averages, the lower yellow trend line, and a prior S/R level (white horizontal line). I do believe fundamentally that things do bode well for gold in the long term because of all the money printing, so I have reason to believe that those support levels will hold despite a new downtrend for gold. Of course we'll let charts dictate what to do, and be flexible enough to change our views based on the charts. GLD will have to trade lower than the lower white trend line for it to be in real trouble and for gold bugs to reconsider their views.