Portrait of a Manipulated Market

To me this is a reminder of silver in the early 1980’s when Bunker Hunt pulled his hat trick. Old timers know how that ended.

Here is a monthly S&P chart going back to 2009 bottom.  Note that there is little volume on the rallys, big volume on the crashes.  What I call the Crying Goose Formation. Look out when the blue line, the tongue, is penetrated on the downside.

This equates to a 3121 S&P price.

Note also the Monthly RSI is over 66.0 today.

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