Wednesday, May 24, 9:23 pm EST. Metals rose, as did most of the miners. Not knowing what volume was like, my first impression would be that things are playing out as I had thought. We recently retreated from resistance, but found nearby support as I previously described, and now, some back and forth is likely to ensue for awhile… I think.
A look at all of the charts, I see volume looking almost exactly like yesterday’s… light. There’s no conviction here. Let’s hope for the back and forth this might make for, so that a base might be formed from which a launch might come forth. That’s a lot of ‘mights’, but we’re trying to anticipate the future.
I’ll update the timing program tomorrow, to learn what the measures of risk are saying, and whether they might mark a new opportunity any time soon. Look for it Thursday.