Favours risk off for next 2-3 weeks ..interesting cycle low for wave 5 ..this is a path ..path can change
Market grinding out set of b wave lows still short , medium term bearish $dxy
Big picture , looking for pullback here with one more leg down
Looks done to upside for a bit ..below my wave 4 limit would question the count
117 is the expanded flat target C=1.618 A . Has been a leader since the lows
A push directly up to 100% Fib and reacting there for a down move actually more bearish favouring C=A corrective move ...Lot of confusion about silver/gold ratio a cycle peak in this obviously bearish the metals in general but we are not there yet
Possibility pullback to 61.8 or even 100 fib entirely possible ..