12pm update - there is now clarity

Its been a confusing few weeks, but the last few days have given clarity. The market is putting in at least a mid-term top..and we're now starting a 4-6 week down cycle across April..and into May. There is multiple support for this, not least in the commodities market.

*There is a great deal going on, its hard to know what to cover


sp'60min - with downside count

USO, daily2

VIX'60min

Summary

I am patiently waiting, I think bulls could kick things higher still.this afternoon to sp'1566/68
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Lunch time video from Mr Carboni...the 1000th video..interesting outlook on the precious metals...Oscar is looking for Silver 17..and then 12.

 

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UPDATE 12.10pm..hmm, this is starting to get...annoying.

Is the high in for the day?

sp'15min...looks ugly..

Bears need to take out the 1549s...and then its open air down to 1540/35.
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I do not like chasing it lower at this level...this is dangerous level..if the bulls can manage a ramp at this point.

So..I'm still waiting. 
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UPDATE 12.30pm....bears need to be real careful here...I smell a nasty ramp to 1564/66.

I would be real annoying to miss out on a down move to 1540, but I can't chase it lower at this level.

Target re-short...2.30pm...around the sp'1564/66 area..