Gold slices through multiple swing points on dive

In the equity markets the grind continues and it is monotonous enough to make one forget that markets can and do go down occasionally too. At this point almost all ABCD up projections have been met on the indexes and the sectors. The biggest event this week is the NASDAQ Composite attempting to take out the highs from last September. If it succeeds in doing so, that will be yet another feather in the cap for this market and the great escape higher that defines the beginning of the year.

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