I too believe the SP will head lower.....mainly due to outside influences on the market coming up.....I'am out and sitting on the sidelines waiting.....this might turn ugly....not by Senex!
I listened to a financial guru in a long interview who said that he expects the S & P to fall to around 1800 points.....30% decline from here.....gold to trade $1400/oz......he didn't mention oil.....by December.....what he said 12 months ago up until now has been uncanny.....good luck to all and Senex!
SXY Price at posting:
30.5¢ Sentiment: Buy Disclosure: Held