Not a clean 5 down in C ..corrective action so can bounce high test of the lows easier to play in for eg, failed V down wld be easier to play
Don't have to go all in bearish still bullish counts out there but ST bearish especially as $dxy further to fall
Parallels with 2008 suggest a bottom in equities in early July lot of back and fill till then ..most of meat of bone in TLT
Let's see how weekly candle closes out but some bearish daily candles suggesting risk on environment to come DXY pulling back AUD being favoured
Short SLB for resumption of downtrend versus VLO only new high in SLB/VLO would negate
Path is clear PB will determine course whether this is just corrective move down but map is there
LD in GLD
Very short term long then short
Short term trend short but new highs due after before big down
Gold getting frothy short term bearish but map is clear if 1612 broken before new highs
I tweeted that 5 wave move down was complete a little while back we did not get much of a B but it is possible that this is just a correction...
Counting this up move as corrective turning down at 100 fib ext wld support hypothesis
Counting this up as corrective ..turning down from 100 fib wld support
Completed B wave now down in C to as low as 50 would be good long