Hello Everyone,
Quick Note: Yesterday the market pushed higher, however that push created MACD divergence on 60 min and 30 min time frames with a 5th wave of some sort; therefore we favored a pullback and that's what we got today. It's possible that this a 4th wave pullback yet again however we will probably know early tomorrow by price action i.e. if the market were to gap down and not recover that would be more indicative of a stronger pullback in place. I expect commodities to trade opposite to the market like we saw today. I added a few precious metals setups.
Matt
