Well, we got the up move I was expecting, but not the intensity. I expected this move would take two weeks (142 on SPY). I guess robots are target focused and not swayed by fear or greed. This leaves us with some thinking to do. The easy money is made and we are in a fib chop zone.
According to the three peaks crowd, target and timing have hit for the great plunge to 1100 over the next six weeks. It have been extremely reliable for the past 18 months, and we must give it it's due.
The cycle guys see right translated moves and now a press to make new highs over the the next 20 trading days.
I'll follow my signals, but my gut says we overshoot the three peaks scenario, and when it is clear no deal before year end on taxes, a mad rush for the door, to 125 area. This will take down the miners I follow, as well as energy. Gold and silver will largely ignore this move in my opinion, and a the very least be neutral, just like the last sell off.
Now some charts