Correction in Equities is likely to continue

I continue to believe that we are due a fall in G7 equity markets, but the window for that fall is closing. I closed most of my shorts at a modest loss last night, as US markets rebounded higher from an attempt to go negative mid-day.

I've re-instated an even smaller portion of those shorts this morning, as equities look like they are tracing out a "bear flag" or a "b" wave correction.

There is a remote danger that the USD is tracing out a triangular pattern, pending a spectacular, if short-lived rally. This may coincide with a fall in stocks.