otterslide
Valuations are not sustainable on S&P and the voice of reason is kicking in. It is unlikely we'll see a double top, but anything is possible. This is my road map down.
Not sure how they'll do it, but that's what I see coming.
We've been going high and higher, is this the last step up?
Silver has run up too fast too much. It will do amazing in the future, but there's probably one or two more pullbacks, which will be a great buying opportunity.
Things could break loose here and finally bring it back to the usual trend.
If you see S&P at 4000 any time soon, like Mid November, Watch out.
Silver is great, but there's a big risk here, perfect buying opportunity if it happens.
If this turns into a nice pullback, I'm hoping to see $1680, followed by a nice bounce.
Is a vix event about to start this Thursday when the job #'s come out?? Very possible!
The overvaluation is massive. S&P has defied gravity, but gravity is about to take hold.