1) The USD may have completed its ICL. If so, further upside would be expected before it rolls over to a lower low. 2) Gold is nearing the center portion of its IC, where choppiness is often experienced. 3) The US stock market is in the early stages of a new IC. This is normally a bullish part of its cycle, but it first faces major resistance. 4) Oil likely completed its ICL. We expect … read more Newsletter #223—Independence Day