Wednesday, June 28, 7:28 am. I didn’t bother to comment on how Tuesday went. The metals both closed up some, but not as much as they were at the open; and the miners closed slightly off. The metals are now up again, a fairly decent amount this morning, and I think they are just about all the way back. With that, perhaps we’ll see some decent price recovery in the miners.
All previous support is still in place, from December, March and May. All we’re waiting on is a decent rally launch, which I’d like to be able to detect, if the technical measures of market risk would go to their respective signaling places, and give me a good heads up to be on the lookout for it.
I’ll update the timer, and if there’s anything more to say, I’ll get back and comment.