Working Off Oversold Condition

Today at 8:30 am retail sales came in weaker than expected. With the weaker retail sales number the s&ps started moving higher with the thinking that the federal reserve will not raise interest rates. I have stated that I expected a huge rally due to the extreme oversold condition. The markets are up over 200 and the s&ps are trading at 2060. I am looking for the s&ps to get back to the 2080 area. If we get to the 2080 area I would look for shorts for example SPY, DIA. QQQ, and IWM. Oil is down over 1 and actually traded down to 46.86. If oil closes below 46.93 I would get a sell signal on the daily charts. I could see oil making new lows even maybe trading down to the 35-38 are. I am looking for a nice pop in gold, my target is the 1180 -1190 area where I would look to short gold stocks.
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Star of Discovery Channel’s “Undercover Billionaire,” Grant Cardone owns and operates seven privately held companies and a private equity real estate firm, Cardone Capital, with a multifamily portfolio of assets under management valued at over $4 billion. He is the Top Crowdfunder in the world, raising over $900 million in equity via social media. Known internationally as the leading expert on sales, marketing, and scaling businesses, Cardone is a New York Times bestselling author of 11 business books, including “The 10X Rule,” which led to Cardone establishing the 10X Global Movement and the 10X Growth Conference, now the largest business and entrepreneur conference in the world. The online business and sales educational platform he created, Cardone University, serves over 411,000 individuals and Forbes 100 corporate clients throughout the world. Voted the top Marketing Influencer to watch by Forbes, Cardone uses his massive 15 million plus following to give back via his Grant Cardone Foundation, a non-profit organization dedicated to mentoring underserved, at-risk adolescents in financial literacy, especially those without father figures.