The market has been consolidating for a number of days now. Expect a breakout soon. The indicators and trend direction lean towards a downside breakout but even if we get an upside breakout in the near-term, it will likely be short-lived and then the larger downtrend resumes.

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Sean Hyman
Sean Hyman

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Click on the chart to enlarge it. Near-term, these red and green boxes are worth watching.