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By: Marty Armstrong | May 5, 2021

...When we turn to the USA, the pattern that is forming is certainly not one that implies a major serious major high. We still need a sharp isolated high to imply an important high is forming here in May. It remains possible that this sideways pattern is merely a platform and that May 8th, which is Saturday, may simply imply a final shift to the upside which still produces a May high but at least reaches our target which has remained as the 35,000-37,000 range. We must represent that geopolitical events outside the USA can still send capital flooding to the US as was the case during World War I and II.

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