While the rally out of the short term lows seems impressive, it would appear to be nothing more than an expanded flat implying that new lows are coming below 2050. We've got an additional article for you today regarding our proprietary Hindenburg Omen that recently triggered and is still in effect, hence our current cautious posture. Good luck today and profitable trading.
If you have any questions about our analysis or any of our analysis systems, contact me at any time at john@mcm-ct.com