I must say, it’s troubling that we’ve pushed above the intermediate-term trendline, Take a look at the ES chart.
Well, an other morning, another 1%. That’s how it seems to go these days. A bright spot for me is my shorts in the gold mining area, since gold is tumbling hard again, but otherwise – I must say, it’s troubling that we’ve pushed above the intermediate-term trendline, shown below (the chart is the front month on the ES):
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