A Decent Bounce?

Wed, Mar 31, 2021 - 11:08am

In yesterday's podcast, we discussed the likelihood that the POSX would soon pull back from heavily overbought conditions and that this would lead to a bounce in the Comex digital metals from their deeply oversold conditions. And here we are. So now what?

What's interesting is that this day has played out nearly as expected. We got the plunge last evening that was followed be recovery. The London session turned out positive and it seems that most of the pre-expiry hammering took place yesterday. And then, once the PETUS infrastructure plans began to leak, the POSX began to fall...

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