Look for a potential wave top and measured move back to 1900. We believe the markets are still looking for a larger correction, but if we see heavy sellers come into the market there will be plenty of opportunity to jump into the residual trends that this will have in other markets. For now, most markets remain range bound when looking at the bigger picture.
Look for the Australia dollar to start turning with precious metals GLD SLV
We are still scaling long slowly with tiered position sizes prepared for $2-3 lows here (or conversely in futures about $10-20) however we are prepared to start buying aggressively if we crack $5 (or conversely in futures about $35). We believe this is a very rare commodity trade and is worth mentioning for those who are interested in buying and holding for much...