No reason to be bearish yet..

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In the bigger picture, we are still heading up, we may see a week or two or more of corrective price action, as we have reacted off the 0.382 fib-speed fan as well as the 0.382 fib (nice confluence there), however, ultimately, I do think there's a good probability we rise this year into the 0.618 speed fan / 0.618 fib confluence. This also coincides with a bearish looking dollar

snapshot

And bullish looking equities.

snapshot

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