Quick update on silver and the trend failure

In yesterday’s piece I was banging on about two trends in the S&P500: the longer-term downtrend and the shorter-term uptrend. Well yesterday, that shorter-term uptrend line broke and is now invalid. And here’s the after: What can we then expect? One possibility is a full-on downtrend resumes, another is lots of choppy action one way or the other. Of course, another is it’s a fake-out.

Read →