Loading ...moving down in a stair step fashion. Unusual that it’s a stair step down, usually the upside moves are what we see stair stepping higher. The elevator moves seem to occur now on the upside.
I don’t know what the hell I’m trying to say other than we’re not taking the elevator down for now, we’re taking it up.
PCE out today, probably the biggest report this week as the Fed monitors the PCE numbers closely.
Thinking we could go either way. Either we get smashed after the report but bounce hard off of $1800, or maybe we just go straight down and don’t recover going into the weekend. I prefer to see the spike down and spend the day recovering to make a bottom.
Pretty convenient that we haven’t been able to see the COT data during this down move.
Silver in trouble early yet again in the overnights. Scum not letting us up for air.