We have penetrated last year’s low in the cash S&P500, not the Dow yet. The Yearly Bearish does not come into play until we get to the bottom of the upward channel. Penetrating last year’s low is indeed setting the stage for the Sling-Shot. Everything on our models is clearly pointing to this trend extending into 2020 and instead of concluding by 2017, that will be the starting point.

We NEED the vast majority to get really bearish calling for the end of the world and declines of 50% to 90%. This is the fuel for the Sling-Shot we need in place just as we saw in 1987.