I Believe That They Are Ready

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When I am preparing food on the grill, I'm checking the temperature, watching for grill marks, looking for a change in color, and several other signs to know when the food is ready.  In a similar manner, we have been watching various aspects of the precious metals markets and also looking for a variety of signs indicating when they may be ready for consumption.     🙂

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How do things look?  Lets take a look...

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Oct 16th Weekend Report

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SPX -I believe that the general markets are going to roll over soon.

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Slow Race To The Finish Line

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The SPX ( Left Translated) dropped to break the prior lows and then put in a shake out reversal.  It has struggled at the 50sma, and now that it faled, I expect it to roll over, possibly after tagging that 50sma again.

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