This Week's Highlights
- Medium-term trend structure is inflecting negatively to a degree that exceeds our expectations when we first wrote about a likely pullback to the 4200 to 4300 area.
- This doesn't necessarily change our view that we hold there, but it does make us more cautious, adopting more of a wait and see approach, before redeploying cash.
- As such, no Weekly Chart Pack this week as we believe powder should be kept dry for now.
