I hope everyone had a great 4th of July week. It was a very low volume week and anything could have happened. As it was, Stock Indices traded higher and continued into this past week. As you will see in the Briefing, the development of price is up. However, just as we saw back in September before the correction, the internal structure of that trend is collapsing. Add to that the non-confirmation of the Dow Transports and Russell, and you have all of the indications on another impending countertrend move. While it is impossible to exactly time the turning point, the Market does send us signals. Those signals are about as strong now as they were before the September to December correction.

DAILY BRIEFING 190713 from Joe Mertes on Vimeo.

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