Reversal

I am not much for forecasts and predictions, but today’s reversal would be powerful if it held.  Energy and material stocks are off less than the market and tck is green.  The S&P 500 looks like a inverse head and shoulders intra-day.  But the gold stocks have had the most remarkable day and look like a low risk entry today.  They opened down 2%, reversed early on huge volume and are currently up 2%.  The MACD divergence and possible engulfing candle (we’ll know by the close) add to the allure of the depressed shares.  Stockcharts

I’ll see what my favorite technician says later today.  ChessNwine