Many of my daily momentum indicators are not confirming this latest move down. We should start seeing strength soon (I would think) and a move to 952 SPX looks to be in the cards by late Friday.
A move to SPX 850 looks likely by Tuesday next week.
We are long in our VST/ST model as well as the ST/IT model.
A large move up in mining shares looks to be coming into Friday from here. GDX could hit just under $25 Friday. GDX is now 20.65
SSRI in the 8's looks like it will go up into 11's by Friday.
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