SILJ 2 Hour Appears Bearish…Our “Leader”…
Gap fill and indicators turning down…
I am flat the PM sector…
Monitoring potential path for DUST…
After the next small drop, the next pop should be large…
VXO “original formula” VIX…
http://stockcharts.com/members/articles/pring/2016/11/Monday-triggers-a-dow-theory-buy-signal.html
Dow Theory Buy Signal…
“After the next small drop, the next pop should be large…”
With you.
Broader moves are being driven by treasuries. Rates have another modest leg up to go, into a peak. Near EOM.
That will take PMs and a lot more with it (mostly lower)
Then we get an extended reprieve (incl PM rally) into mid winter. Too soon to get very detailed on that yet.
Pedro, we are on the same page!