Parallel lines define wave 5 down trend
We are entering a "3rd of 3rd" of wave 5. Unless the bulls can pull this thing above 1960, it's going down. Today's TRIN closed at 89--not that strong for the effort, which means to me: The oomph is just not there. Stay bearish. The Glory Boys are still under the upper parallel line, which is guiding the bearish trend lower. GL
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