Sorry folks…I have no good news today.

In this mornings update I stated: “Since this micro pattern seems unfinished. I think today we consolidate with a slight upward bias. I’m looking for $90 at least. If we cannot make it to $90 it really portends weakness.” After such a brutal Saturday you would think we could hit some standard retraces. I thought for sure we could hit $90 maybe even $93…Price is not in a good mood. The US Market was strong today and still we could not hold this morning’s rally attempt.

I’m trying to stay true to my B wave bottom pattern (Because it has not been invalidated until below $75.34) but this continued weakness tells me price wants lower and maybe we’re already in the wave 5 decline. Time will tell.

Best to all,

Chris