Saturday, November 19, 2016

The weekly close

Despite a turning point on the Weekly timing array, the Euro still finished into the bearish.  I don't know if Gold was in a turning point this week, but it too finished into the bearish. 

The dow is also on a turning point, and I don't know if it hit any bullish or bearish price levels.  Usually these are pretty far apart and I don't think we were overly close one way or the other.

So what does this mean for the rally?  Is it going to continue because the Euro and gold are still bearish?  That would also make the turning points (and the Evolution system) wrong about the upcoming week. 

Overall I stayed out of Gold and the Euro, but did the stock and JJC shorting.

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