Mini SP500 Record High Update.

This morning the Mini SP500 recorded another new record high at the 2675 price level. This does not mean that some wild move higher cannot happen, but my sequence of  5 waves sure looks like it’s coming to an end.  Stocks and the US dollar are pointing up while gold is pointing down, if that does not give you a clue on what is going to happen next, then nothing will.

This has happened so many times in market history and yet the majority can’t see it being set up. The year 2000 is a prime example what can happen after gold was pointing down in late 1999.  Real seasoned contrarians like Steven Jon Kaplan,  know this very well and in the future this situation will reverse once again.  I have discussed the impending bear market in an email exchange with Mr. Kaplan, and it didn’t take me long to realize that none of my future wave positions or outlook, needed any changes.