I don’t have much time today. The general market short-term downtrend continues as the bullish percents point lower.
Based on this chart below, we should be on watch for signs that the medium-term trend is turning down.
The ECRI index has bottomed out and is pointing higher, however, weak M2 growth is a concern.
The long-term outlook is improving.
The medium-term trend is up. The best period for buying is past, and on watch for signs of a peak.
The short-term trend is down.