The model on a weekly basis worsened with price to -34. As I explain in the video, I don’t see this as particularly significant at the moment.  It enables the moving averages to converge downwards at a lower level which will enable a more powerful thrust in the medium term and a stronger trend to eventually emerge.  A big battle is raging between Risk On and Off and we are witnessing it daily.

 

A video of my detailed expectations for the near term, with important levels to watch, can be viewed at https://youtu.be/xF6gwc-gppA

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