Forks Just Work!
SLV (Adjusted Fork)
- Close Below 22.50 would start to be bearish
- If the mid-line is broken, a top is most likely in for the medals (For the Moment)
- Wait for the Fed to PRINT MORE MONEY
SP-500 (Adjusted Fork)
- Looking like a top is in (WE WILL SEE)
- Close Below 1166.00 would start to be bearish
- If Fed does not print north of 500 billion (AGAIN) market will most likely sell off
- Even if the fed does bail the economy out again, as soon as they stop printing, it will get ugly!
- PRINTING MONEY BUYS TIME, DOES NOT FIX ANYTHING!
SLV - Weekly
- SLV Has Shot Straight Up
- Would Not Buy Here, But The Fed Is Printing Money 24/7
- Been Bullish For Some Time, But Time to Take Some Money Off The Table
GLD - Weekly
- GLD Has Shot Straight Up As Well
- Would Take Some Money Off The Table
- Market Could Turn Over Night, We Can Not Print Our Way Out of This!
Golden Bull
- Break Below The Medline Would Start To Be Bearish
- Looking For Gold to Peak Soon (If The Fed Stops QE)
Top In?
- Break above 1164 would be a very bullish move and most likely go back to the highs of this year
- Next weeks economic reports will tell us if a top is in
- Wait to see if the fed prints more, if they do, NOT A TOP
