I warned there was an area of possible exhaustion to contend with for this macro move up at 16928. We came shy of this by 11 tics with a 16917 high and rolled over $127.7.On 2/25 we left a short-term bearish reversal above. We have seen $86 from this so far before short covering off the low. Decent trade above 16398 will warn of continued higher trade. Decent trade below 15712-700 will project this downward $42 minimum, $125 (+) maximum; but if we break below here decently and back above decently, look for decent short covering to come in.NOTE: this is just a small portion of the market calls I provide my clients twice daily in the Gold and Energy complex. If you are interested, please feel free to reach out.
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