The U.S. Index has worked marching in place the week, so far. The short-term bearish case  (the complex wave C in progress) well remains intact.

There are differing options that the entire correction as the Intermediate wave (4) could have developed, till here. A viable possibility, one that we should respect, is that the wave (4) would remain in the late stages of an ending diagonal in its Minor-degree wave C, as a flat correction.

DX - Daily


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