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Here’s my prediction: See that gap back towards the end of January around $114. On this move down, it will stop short of filling it, and then reverse. Let’s see. It will take a few weeks to play out.
Watch is not selling too well
….and the USD will fall (loose value) in this scenario?
I think so.
Surely if the Dollar falls then we will see a rise in commodities – gold, silver, oil?
Just got back from a cycle ride but, about 5 hours ago before I went out, Chinese futures were down 6%.
I am thinking this will be a pretty solid move down to the CL. Which should mean a pretty solid bounce out into the next cycle. I am ready for that action when the market is ready for me. We still have some time yet, but it will be good when it comes…
I think we see 1980 in the S&P by 1st week of May.
That’s a bold prediction Mark. Would personally welcome it.
That could have been a fake breakdown on Friday.