Nice rally overnight for US equities and precious metals. The markets are again close to a larger juncture where stronger downside correction would be expected, or we still have another leg up to finish this sequence.
Nice rally overnight for US equities and precious metals. Too bad we didn't get a chance to trade it unless you get up earlier or live in Europe. In any case, I've updated the labeling - due to the rally knocking the diagonal(s) out of contention and I also discuss in both markets what the possibilities are for what actually completed at the overnight early morning highs - new ATH for the S&P 500. The markets are again close to a larger juncture where stronger downside correction would be expected, or we still have another leg up to finish this sequence. I also adjust Fibonacci levels and bring them into the current counts.
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