Consolidation period but up or down? The weekly TDI signals are above the market baseline so it's going to take something abrupt to change the trend. As far as carry trades go not much better place to park some funds.
I do think the DI target is right on, been expecting a top trendline hit on that for months. Funny thing is though it's already halfway to the top trendline and no connection seemingly with equities. Several months ago I would have thought that by now we would be at 10k or less on the DOW. So maybe not as low a dip as we think this time but dip we will I think.
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