As we had pointed out in our Blog of Sept 17, the market started moving down after making an intraday high based upon no change in interest rates by the Federal Reserve.
The decline in 5th step down to new lows will happen over a two week period.
The 5th step down have 5 sub steps down also and we may have completed Step 1 down and step 2 up yesterday or it may do so soon. The larger decline will now happen in sub step 3 down.
Gold has had a good rally but it is not over yet. There will be some consolidation here
Energy stocks will go even lower,
Natural Gas is also going down and DGAZ made a new high yesterday and will have consolidation here.
See what is happening in Europe. It will now happen to our markets
The decline in 5th step down to new lows will happen over a two week period.
The 5th step down have 5 sub steps down also and we may have completed Step 1 down and step 2 up yesterday or it may do so soon. The larger decline will now happen in sub step 3 down.
Gold has had a good rally but it is not over yet. There will be some consolidation here
Energy stocks will go even lower,
Natural Gas is also going down and DGAZ made a new high yesterday and will have consolidation here.
See what is happening in Europe. It will now happen to our markets
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