The overnight news cycle has all the earmarks of events spiraling out of control. Yet, consider that:
- EURUSD and CL bottomed right where we anticipated
- DX and TNX topped where expected
- USDJPY has bailed out of the rising channel from mid-October as expected
- SPX should tag the downside targets we identified several days ago.
In other words, the news cycle has actually accommodated our charts, confirming tops/bottoms we called and enabling other targets to be met.
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