The metals have been exhibiting as an actor in a soap opera would. They have taken us to the edge of our emotions on each and every swing, as they take us to the edge of each of our support and resistance regions, and then turn. But, I think many of you have lost the focus of the forest due to your concentration on the leaves. So, this week, I am going to open with our discussion of the leaves, and then focus on the forest. It’s time to get serious about this complex.
Ultimately, my point will be that anyone who is serious about this complex should look upon this market today as we did back towards the end of 2015, and look for buying opportunities, while keeping in mind the potential for that dreaded one more lower low. And, sometimes, the market surprises us and does not provide us with the lower low, and simply takes off. Either way, it’s time to prepare.