FOR MONDAY: (7/25) Mondays in the summer have been doggy and we’re moving toward FOMC on Wednesday. Still, stocks often fall the Monday before FOMC and then are a buy going into a probable dovish announcement. Cycles for Wednesday suggest a surprise announcement, which at this point might be more hawkish than expected but we’ll continue to play patterns and cycles this week, with gold pointing lower into Wednesday and stocks mostly higher next week and the dollar choppy but ultimately higher and crude lower next week.

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