While I don’t see any obvious catalyst for today(tomorrow we get the FED announcement and explanations) and the charts don’t have any specific counts for today, I do think it quite possible that major reversals could begin today as opposed to waiting for tomorrow. The metals are down sharply as this is being written, but having corrected quickly and sharply over the five trading days since the explosive upside surge, it would seem the downside is done. After a reversal today or tomorrow, the question would seem to be, do gold and silver need to trade sideways for some period of time or do they go back up and break thru last weeks highs? My take is they go back up and in the case of silver, take out last week’s high. Gold might be a little trickier and take some additional time, but even if it hesitates for a few days, it too will make a new high before March is concluded. As for stocks, as I posted yesterday, I am on crash alert and continue to watch the canary, (TDG) to see if it is going to play out. “Beware The Ides of March!”