RESOURCE LIBRARY

85% Correlation to 2007

The Ivory Hill RiskSIGNAL™ has remained green since December 5th. Our short-term indicator is red, while our intermediate-term volatility signal is green. The blue uptrend line on the S&P 500 chart below has been a crucial support level since the April pullback. However, its breach last week signifies a loss of bullish momentum and a shift in the short-term market trend from upward to sideways, with an increased risk of downside gaps to 5,375, 5,291, and 5,064. Additionally,