It now appears to me that the Brexit will likely be the initial catalyst for this move into the next IC Low during the timeframe that I expected. I have the next NFP report on July 8th so perhaps we will see a final low around then. Between now and then we may see some kind of bounce but who knows.<\/p>\n
The key issue now is will the next IC Low for stocks be a higher low or a lower low than the Jan 2016 IC Low. My chart shows the steep price down trend channels from the last three IC Lows along with a Fib retrace. Anything more than a 62% retrace here would be bearish in my books but a higher IC Low than Jan 2015 would provide some bullish context for the Bulls.<\/p>\n
If you have been paying attention to my Cycle work, you should have noticed that I have been forecasting for some time that I was expecting the next 5-6 Month Intermediate Cycle Low in Stocks to take hold sometime between … Continue reading ![\"Screenshot](\"https:\/\/goldtadise.com\/wp-content\/uploads\/2016\/06\/Screenshot-2016-06-26-21.20.04-300x226.png\")
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