As expected the market has been going up in the 4th step up. This rally may not be over yet. We are coming near to the start of a new month and usually it is bullish but this time it may not be.
Not all stocks will go down to new lows in the 5th step down whenever that step starts. As expected energy stocks are having a nice rally.
Gold stocks have been consolidating and have started going up and will go above recent highs soon.
Looking at SPY it has recovered more than 50% of the decline. Next stop is around 61.8% of the recent decline.
Not all stocks will go down to new lows in the 5th step down whenever that step starts. As expected energy stocks are having a nice rally.
Gold stocks have been consolidating and have started going up and will go above recent highs soon.
Looking at SPY it has recovered more than 50% of the decline. Next stop is around 61.8% of the recent decline.
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