It’s Déjà vu All Over Again

For those of you that are baseball fans, you would recognize the title as a Yogi-ism.  And, I think it aptly describes this up/down movement we have been seeing for many months within the same range.  But, I am assuming this will finally come to an end this week, as we are really are quite full on the various patterns we have been tracking.

Unfortunately, there really is not much more for me to add to the analysis that I posted yesterday.  As long as we remain below the green b-wave, pressure is down.  But, if we break out over it, then we could be seeing the market rally in the purple c-wave sooner rather than later.  Please feel free to review yesterday’s update for more detail.