SPX had been bouncing on the yellow midfork since mid-October. Finally it broke down below, and met the time target of Nov 21st and price target of 1187. The red fork line has been holding back a rally, but a break out above is expected soon.
A solid bounce is anticipated next into Dec 6th. The price target may be approximately 1260 which would also be a backtest of the yellow midfork. It should bounce this week as the cycle analysis is bullish. Next week is mixed and may indicate chop eventually rallying up into the time target.
The Silver chart is quite bullish short term. A bounce is anticipated to near $36.50 on the Silver future. Don't overstay....