Posted a similar chart earlier but cleaned it up to make it easier to see. This is a year out. If it does go there keep in mind that there will be bounces on the way down and those will provide our short opportunities. This is a sell the rip market. It is not a buy the dip market.
there's absolutely no reason to be so bearish, first let's see what happens in the 1300-1600 area
straightace
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I always like your analyses! This time, though I think we are in December/January 2015. I expect low volatility flat movement. But if it starts ripping, will definitely get in on the trade!