We stated in the past that the destiny of the Market is tied to the DOLLAR. So far we had a nice initial bounce in the Dollar which has been followed by another Retest of the LOW.
Our medium term CYCLE work wants to see the Dollar bottom. The FIB CLuster in the mid of June could indicate some short term top which would mean we should see some strength soon. (Beware that Fib Cluster just indicate PIVOTS , so this could also be the final bottom!)
Either way the DOLLAR is at a crossroads and will tell us fairly soon which case we should take as the base for further considerations.
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