The Start Of A Pullback?
The market pulled back but not as much as I hoped. It’s still down on the day and looking for a pullback of a few hundred points before pattern on the daily charts set up again for another move up. If I was a long term investor I would look for any rally to lighten up on equity holdings. Oil was down sharply and again oil has to hold the 46.70 price on the daily charts. Oil is in a range and if oil breaks that 46.70 level we could see new lows in oil. Gold is negative on my work and still patient for a pattern to set up where I would look to short gold.