Here is the plan for the near term. Still looks like we are in the tail end of Intermediate wave 1 inside of Primary wave 5. Looks like we are in for big drops after the Fed meeting, but the inflation report may remain tame in the short-term.
The estimated path for the rest of Primary wave 5 is here with the turnover occurring around US elections:
Here is...
$DXY is looking it wants to bottom.
These are the elements in favors of bulls:
A recent bullish divergence on the RSI indicator.
The RSI has found support on 40 level
The RSI divergence perfectly matches the end of a bearish Wave5
The Bullish Wave 2 has been triggered and marked a low signaled by S34 and A55 exhaustion points
However, there are still...
