The orange line is our flag. The two levels are +100 for short-term caution, and then a transition to -50 for a green light. As you can see, the weakness early last week did not trigger the -50 level. Hence, we still have our short-term posture in the cautious side.
All of this is short-term advice. Playing the seasonal tendencies, we're guessing that November will once again find all the indicators, short and long-term, aligning in positive levels.
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