And thats about all I have to say about that.
We pretty much caught the cat sneaking out of the PRS bag on USD last week Wednesday.
Keep in mind, rather than just 61% retrace, now the market is making the ramps more extreme to 78% to make sure no one is able to achieve both
1) limited risk by placing stop right above your entry point.
2) Stay in the position
Or per the other Fractal drawing...start the downtrend, then ramp it to new recent highs blowing out all stops, then drop, then ramp. NOW -- no one wants to try to short after being beat up so badly.
The GLD/SLV ratio with moving average is saying retail exuberance, time for a slapping.
