Hello Everyone,

Here's a link to Tonight's Newsletter.

Mid week update: We saw a gap and go trend day on Monday, followed by a consolidation day on Tuesday, and Today a pullback. For now I'm still favoring this as a choppy reflexive bounce with another possible move lower in an overall ABC Zig Zag formation.

Precious Metals Smash !  As I strongly warned on the weekend, the metals sold off VERY strongly on Tuesday with gold falling -$233 and silver -$6.9. The gold mining stocks (GDX) gave an early warning as the stocks started to underperform last week!  Today Gold bounced off the 20 day MA, as expected, however I may now go on to form a lower high.  Nice sell off as well in GDX gold miners  this week, otherwise an oversold bounce today right off the 50 day MA as expected

Matt