3-Apr

The rally begins to rattle

Hello SpikeTraders,The US market had traced multiple bullish divergences between its January 24 and February 24 lows, which we documented repeatedly here. The rally that emerged from the final test of the bottom on March 15 proceeded very smoothly – until last week. There was a very aggressive peak on Tuesday (see the Cap-NHNL chart below), bad drops on Wednesday and especially Thursday, but then the market stabilized on Friday.Let’s review our latest charts …

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