Frantic Topping / Bottoming Action
Yesterday and today’s knee-jerk movements are typical for major tops and bottoms. Stocks, commodities, oil, and gold are putting in their tops for the year and probably for a multi year cycle, and the dollar is putting in its bottom. We will let this play out as these unsuccessful attempts at retesting the secular highs of 2007 and 2008 are exhausted.
7:53 AM CDT