SPX traded into the oval target range last week, and a decline appears imminent. The green arrow marks a possible downside target on a short term basis.
After this decline a solid bounce looks probable into the middle of next week.
However, my outlook as previously outlined is exceptionally bearish with a 20% decline forecast into January from the current level.
Silver has taken longer to set up properly, and that means the timing is pushed out. A third bottom would have me taking a bullish stance on Silver as per the Symmetry.
Silver futures could bottom around $29.50, and then a steady grind higher in December is anticipated up to $37 in January.