We won’t know for sure yet until we see how these positions deal with their July/August lowest points. If they hold, then wave 2 is complete. If they don’t, then wave 2 is still underway and can go lower before heading upward into wave 3.
Thanks for being diligent in reading the newsletter and listening to the videos.
So far, USO is responding the best to the hurricane news. A bit more on that in the newsletter out today or tomorrow.