Downside on this chart appears to be about $60 (assuming that rising support line holds). Upside is $200 + in the relatively short term. A correction should follow an initial move to the $1500-$1550 area, before we head higher again. I could be wrong of course, but that is what the chart looks like to me at this point. We could begin to move higher anytime I guess, but timings look to suggest further weakness into December. The similarities with 2007-2009 are too striking to ignore. Here’s the chart…