The price action over the holiday weeks was low and choppy. However, the long-term picture is clear to one point: we are at the top of either minor wave 1 (if this is a new bull market) or primary wave 2 (if we are not). Certainly the price pattern that evolves from the coming sell off will tell us: with the higher level trend or against it.
The attached charts show all that we need to know: we are in the final stages of a 5th wave. It comes up on the weekly charts, daily charts and the hourly charts. The volatility charts support a top equivalent to 2007. We shall soon see...
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