From Peter L. Brandt:
The January low is very likely to hold. Yet, there is no easy way to go long this market due to carrying charges and the premium of the ETFs and deferred futures contracts.
While prices could dip below the 2.300 to 2.500 level again (and if they do, futures trades should do some buying), it is not likely prices would remain there long. In fact, the retest this week may be all we get.
The huge spike in volume along with the vertical drop in recent months are characteristic of a market bottom. The problem is that...
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