Hence, no secondary reaction yet.
The primary trend was
reconfirmed on July 3rd, 2017 as was explained here
The Transports
have made today lower closing lows. Since their 7/14/2017 closing highs they
have declined for 29 trading days. Nonetheless, the Industrials and the SPY have
been declining for just 9 trading days. For the reasons I gave here, there is
no secondary reaction yet.
Here you have an updated chart.
No secondary reaction yet (orange rectangles on the right side of the chart) |
GOLD AND SILVER
The secondary trend is
bullish, as was profusely explained here.
The recent
pullback does not qualify to setup SLV and GLD for a primary bull market signal
as explained here.
GOLD AND SILVER MINERS EFTs
The secondary trend is bullish
as explained here
Days pass by and nothing
happens. Well, this is normal. Patience.
Sincerely,
The Dow Theorist
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