My ignorant guess is the S&P and markets will melt up for a bit more from this recent low allowing the big boys to continue market position distribution and gold/miners plus defensive stocks will continue to be accumulated. When that big boy many is fully positioned the markdown phase will begin in earnest as a manor correction and retail sheeples will again be bag holders. Selling late and then buying late. I expect market ups and downs until distribution is concluded.
It would not surprise me if the top is already in, though it could up that high a tad more, but not much. Check out the indicators on the Dow weekly for 3 or more years. Indicators have -divergences yet buying is strong. Those are more bag holders. All IMO only.
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