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Miner have had a terrific lift since September 30, a 12% ascent in just four sessions. I would respectfully point you to the DUST graph, however (the triple-bearish-on-miners ETF) which is looking like it might be ready for a bounce. Adjunct to this, GLD is looking like it’s losing steam.
The recent correction of the S&P500 had many shorters and Bears wringing their hands, hoping to see a Bear Market that will make them a lot of money.
However, looking at our proprietary, quantitative S&P500 Futures LONG model, it does not seem there is all that room to go much lower than the bottom the market has printed some weeks ago.
The ESZ15 WEEKLY chart below shows what could happen if there was a new dive to lower levels.
