No Way To Know
PM Indices have been chopping around in a narrow band for 3 weeks.
Fully’s Fearless Prediction
Either Today at 2 PM ( FED) or Friday at the Open (NFP) they will Breakout !
Problem is ..Which way ?
usually a pattern breaks out in the same direction it was going ( continuation)
BUT still could go either or ! The Bollinger bands are very tight ..portending a big move.
Right now if you re in a Big Long or big Short…you are gambling pure and simple.
I’m very Long the Rocks (PM Miners)….so I am going to hedge them before 2 PM with HGD