So sure, I’m constructive on the MKT to the extent that I don’t think we’re going into a bear MKT- and I DO think the “Daily” trend is likely to stay intact above 2820-40- on a closing basis.

 

I DO think, however- we will likely “churn” a bit within this trading range we have established between 2950-2840- this week into 8.23.19 when bigger signals start to fire and the TIME signal schematic begins to improve.

I’m hoping that we can maintain the current trend structure within the range highlighted above(2840-2950)-

We need to get through Tues-Thurs…

*I’m worried about FXI MKT– this week…This thing looks like its set up to move aggressively lower-  BUT, I thought that in late June and it never happened…

 

Here is the weekly chart- does NOT look good and we have SELL signals in weekly’s and dailies coming in this week…

Adam Lorraine-

Technical Analysis Specialist-