The $IXM, Financial Select. I think it is acceptable to remove the ? behind the B.
In previous posts I have mentioned the near end of March longer term time cycle low. We have one more about first of July, also a low. It is likely both will come into play. And if the July one holds, and the C down arrests, a new LT cycle up will begin. To new ATH's.
So question remains what will the magnitude of the C down be? Will the 50 % fib hold, if not will the 61 % catch it? I'd presently say odds are good one will hold. If that happens the latter half of the year will be a smash up. OTOH if the 61 % does not hold, likely a near retrace of the last big move up, hell is coming, and this count is not valid.
We have to let it play out.
Oil, later, imo it is going much much lower. Cheap energy to fuel the next boom, and tight wad Powell will then also back off. Tech is holding fairly well here, especially the Sox. Still holding Cohu. Good signs for the bulls.
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