Value Line Geometric Index / Balanced WeightingWell, that took a decisive turn for the worst in a short period of time.
In Indicating the VLGI would lead the ES... it dragged the ES by its nose
to new lows for the move quickly.
A song of broad weakness within the Complex.
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Nothing encouraging here, merely more of the same.
Weekly and Monthly have turned to far less Positive Structures very quickly.
A series of Momentum bails that have not ceased.
Keep an eye on this Index, it doe a near-perfect job of providing ES directions.
