A $ZM Update

A member has asked for an update on $ZM. I last posted it about it here, and there are no fundamental changes.

The move down from the July high counts exceptionally well as a correction, and the divergence suggests we will still get at least a technical bounce, though I suspect a major low is forming. We will need to monitor the structure as it rallies to see just how impulsive it looks. But for now, the lower target box (at least) remains a very high probability.


[UPDATED]: This failed to rally. I will file this under “Unsuccessful Calls.” I may make a new call on this one soon.


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