While we are cautiously optimistic that we've entered into a larger fourth wave, the magenta crash channel is still intact and doing a very good job of containing price action at present, so there is no reason to completely dismiss that this may be nothing more than a breather before another brutal leg down ensues. While we are expecting a continuation of strength in the near term, the greatest risk still remains on the long side especially while the crash channel holds. We've got a big picture article for you today regarding money supply and a look under the hood of the market. Good luck today everyone and profitable trading.
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