"Things Are Finally Starting To Get Interesting..."

Market Takes A Tumble

Last week, I discussed the continuation of the “market melt-up.” To wit: 

“Since the beginning of the year, the acceleration in the markets has continued unabated. As I showed yesterday, the acceleration in the S&P 500 has now gone parabolic.”

“Never before in recent history has the market been this overbought and extended from longer-term averages which suggests that a correction that reduces such conditions is highly likely in the near-term.”

more..... 

Keep an eye on gold and its double top - it does need to break through this resistance level to confirm that it means business....

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