Trend Following Trading

It is unbelievable, but the same is still true for the daily, with all 6 Macs holding up above their Nov lows while the price went to new lows. A turn is a must at this point, however, or the oscillators will start to break down consecutively requiring the need for further lows and new progressive positive divergences to develop, which would take months to accomplish. The market is holding on by a thread at the edge of a precipice, imo.