May 20, 2016


The choppy price action continues, but now we have two legs lower with the same size and the McClellan Oscillator hit 67.
This means we should see at least a few days higher to test the resistance zone. The correction does not look finished, but this is week 14(the usual time frame for 20 week cycle low) so there is an option that we will see a few weeks higher not only a few days.
The price is below MA50 and MA200 so expect pullbacks along the way.

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