Sentiment has shifted quite a bit in the past week where just last week ahead of the open, there were calls for a ‘black Monday’ at the open. And now a week later bulls are pressing into the 5500 area of S&P 500 Futures as recovery has taken-hold, with short-term prices showing in an ascending triangle formation. Gold has been in a near-parabolic like trend and in my humble opinion there’s still little reason to question that as buyers have just continued to push. This does become more problematic from a trend-following perspective as the rally from support that was looked at last week has become quite stretched. There’s now support potential at prior resistance, from around 3150-3167. Bitcoin is of interest, as it’s started to venture out of the topside of a falling wedge. And given t
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