Flat Update: Crash Channel Still Intact

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.

If you have any questions about our analysis or analysis systems, please contact me any time at john@mcm-ct.com

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