Update On SLV and SP-500

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 & GLD

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!