My job is to follow the trend, not argue with it. If this is the down phase of the recently dominant 18 week cycle, then bears may be in trouble here. There was no follow through on the initial sell signal at the end of 2016. If there’s one thing I have learned in the past 50 years of following the market, and especially in the past 8 years, it’s to always give the bulls the benefit of the doubt, even if their rationale is dead wrong.
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