Im favouring U$ weakness
Lost momo
Failed b/o s
After an ending diagonal
Commods (ex Oil) all looking strong - and even oil maybe maybe looking to form a bottom.
As earlier, a simple ABC correction (with AB=CD) still only brings us own to c. 96. What is nothing as we have rallied from 80.
"The bottom's in" for equities.......Is it? The rally looks very corrective in nature. Classic wave 4 stuff? Would lend itself to a weaker U$ thesis/weaker FED.
Will wait for this pattern to complete before committing vs the majors (ex CAD).
Failed b/o s
After an ending diagonal
Commods (ex Oil) all looking strong - and even oil maybe maybe looking to form a bottom.
As earlier, a simple ABC correction (with AB=CD) still only brings us own to c. 96. What is nothing as we have rallied from 80.
"The bottom's in" for equities.......Is it? The rally looks very corrective in nature. Classic wave 4 stuff? Would lend itself to a weaker U$ thesis/weaker FED.
Will wait for this pattern to complete before committing vs the majors (ex CAD).
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