Short

Breakdown on Longterm charts

Looks to me like we may have seen top for awhile. We still haven't seen a significant trend line break on bull market since 09 until we see that break significantly we can't know for sure. I posted the day of the top that the bond market was flashing a warning signal and that Gold was better anyway. It is possible the FED will manage to prop it up again with cuts but today we had .5% of cuts and we initially rallied as I said was overdue (two sides to the chart) but now we are already selling off agin this to me is a bad sign that what if the heroine no longer makes the addict feel good anymore. I expect between a 40-60% bear market in dollar terms bottom between roughly 1500-1800 for SPX for this recession. In Gold (real money terms) I expect a 70-90% bear market closer to 90, look at Gold to Dow ratio down 33% since 2018 even though Dow has record highs Gold is going up faster. But the real opportunity is in silver and gold miner which will catch up.

rjchilia123

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