HUI Update

Just a quick update on the HUI that is in the backtesting process. Below is a chart I showed you several days ago with the four point breakout sequence in play. This morning the price action just slightly tested the very top portion of the support zone before reversing back up. We are in reversal point #4. Symmetry suggests we might even trade sideways for another week in a similar fashion to the green circle on the left side of the chart. Not necessary though. A move above point #3 would be needed to resume the impulse leg higher.