Dow in relief until May

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Yesterday's historic bounce reacted a little to perfectly to the monthly trend-line pictured. Whether coincidence or not, this break in momentum will likely provide an interim bottom to the downtrend and give us a few weeks of reprieve before continuing with the bear market. $37,000 the level to watch.

My outlook is generally still flat although it is useful to remember that the biggest pumps happen during a bear cycle. We also have a full blown trade war on our hands so keep risk tight and trade with caution.


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