So far, the market is on track to put in left-translated 5-week and 10-week cycles. Perhaps driven by fundamental events, but let's remember how often events correspond to the cycles rather than the other way around. I'm emphasizing that left translation in my interpretations until the market proves I shouldn't. The $NYA has a way to go before breaking the trendline running across the 40w and 20w lows. A bounce is anticpated here but not required.
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