Weekly MOTR Report (WMR): “The Bulls are Back in Control, but Facing Stiff Overhead Resistance”

Trends are clearly still negative, so patience will remain a virtue, as it did during this year’s Jul-Aug rally; however, the tactical baton has been passed back to the bulls. Our short-term “Spray” Risk Gauge is now out of “Risk-Off”, having ticked up two notches this past week. Along with it, the “Spray” has pulled the all-important “Wave. . .

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