sp'daily3 - fib retrace
Summary
Without getting lost in the minor noise - not least the current late morning bounce, a retrace is clearly underway, of the wave from 1820 to 2079.
A brief hit of the giant 2000 threshold would seem pretty natural... by next Tue/Wed.
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VIX update from Mr T.
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Precious metals are holding the gains, which is really helping the miners, GDX +5.5%, but still stuck around old busted support of $20.
GDX, daily
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time for lunch... back at 2pm