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Gold/Mining/Energy : Gold Price Monitor
GDXJ 119.96+2.0%Dec 22 4:00 PM EST
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To: Rarebird who wrote (108435)4/2/2018 10:57:05 AM
From: Rarebird  Read Replies (1) of 116820
 
At this point, I would expect the S&P to fall to the 2500-2533 area. The 2500 area represents the line in the sand for me in terms of whether this is a correction or bear market. This is not to say that the 2420-2450 level cannot be hit during some panic selling. But a strong rebound above 2533 would result in short order if this was a correction. Otherwise prices will cascade down fairly quickly to the 2000 area. Just keeping an open, flexible mind here.
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