I don't even know what to say anymore. Nothing makes sense and nobody cares. We must increase focus on the charts and decrease focus on the news. The charts continue to stink and we keep slipping down each rung of our support ladder.
The next checkpoint is 101.00 and then we could be looking at the lows from February of 99ish. We need a quick pop and hold above 101.80 to reverse this pattern. Maybe it comes next week if we get great inflation numbers...maybe we we remain blind to even good inflation.
Stay cautious...yes it may not matter to your commission with the new regs in efffect, but it absolutely matters to your borrower (the more important of two of you).
Have a great weekend!
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