A selloff was cut short again on Friday, but the evidence continues to indicate that down phases have begun in both 6 month and 13 week cycles. They’re due to last up to 7 weeks. What is not clear is just how weak they will be. The next 3 weeks will be a period of absolutely immense liquidity inflows so it’s hard to envision a case for a big correction. This report discusses the outlook and the key levels that bears must break to take control.
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