Just had a good look at my main charts which I normally only do at EOD.
While this action keeps my weekly charts neg, on a daily basis todays fall is testing the extremities of any pullback but has yet to violate the bullish case there.
A resolution will come soon, but it may fiddle about for the next couple of weeks even.
Still expecting a negative resolution but it probably won't make it easy for anyone.
Despite the drop in the US last night the VXO only climbed a tiny bit. That says we need a scare there at least before it could go higher.
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