Mother of All Headfakes?
We probably won’t know until today’s trading is over. Right now gold and silver are following thru on yesterday’s nice reversal moves. This could be the breakout to the next level but I still have doubts. We could be looking at the “mother of all head fakes” I need a few more hours of trading to see if the picture becomes any clearer.
Nailed it
The mother of all was March! Incredible dive and reversal prior to the massive move
March was a multiple week EVENT, a headfake(basketball term) is something quick an immediate. Today, up big and then down big.
Standard FED day action. Pretty typical