When we tagged $108K, then pulled back and re-tested up to $104K, I stated that there was a 65% chance the top was in for the year (2024). I then expected a near term pullback.
The pullback was predicated on:
1) Huge impulse move higher based on election that needed to back-and-fill.
2) Global M2 was turning lower.
3) Dollar strength was increasing and show…
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