Give it a little room, regardless of a breach of a trend line, its at the top end of calculated daily range based on volatility, and nothing has changed globally, Oil Up, Gold Down, Real Int Rates up, Commodities (Ex. Oil, grains, etc..) up.
This appears to remain a correction as opposed to a reversal.
This appears to remain a correction as opposed to a reversal.
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Adding on a little more
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I would stay with it for a bit and see if we get back on track lower or bounce again off that trend. I have numbers and data say we got a bit lower to go and that we should resume the decline.
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Now we're looking a little better.
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Taking some profit, leaving a little on