Meanwhile we are watching Gold for entry. As we see on Screenface it is in a pullback up and therefore the entry is expected to be south.

a) CMD 1 = Red so our risk-free trades are down trades

b) But I have a concern, it does appear that after over 5, 000 points less than the current high in range (Global high), we are in that place where one worries about reactivity.

c) Could be a significant pullback or a reversal. So my tack personally is to watch that expectation rather than trade entry (could be wrong but that is my mindset just now).

d) That means I expect the indicated possibility of a drop same as anyone but my thinking is that it might be a point strike and then a strong reaction counter cycle.

e) If I am wrong I might miss a strong trade down, but I would rather that than trade a reactive range given the tradability of such a range can be poor due fast translations.

f) Regardless, these are thoughts that can change as the Screenface resolves the unfolding fluctuations. But that sense of nearing the end of a drop has gripped me.

Happy trading,

The Crow (-_-)

PS: We are trading right on the monthly average line so that has implications I guess but its implications from the history of such events are not consistent enough for me to make a judgement rather I just know we are on an important part of the strange attractor.