By: Gary Savage
The transports are leading the market out of the 7 year cycle low.
The NYA has completed a monthly swing.
The oil market has also generated a monthly swing very late in its 3 year cycle. The 3 year cycle is just too stretched at this point for there to be another lower low.
Like I’ve been saying for a long time: It’s time for everything to rise together. Well almost everything.
The monthly dollar chart is exhibiting a possible double top. Price is not expected to bottom until mid 2017.
