Just a few notes. The spy fell today closing near the low of its range. Intra day the 5 min chart displays little demand. There was one good selling opportunity as described yesterday when we have an upthrust against support or resistance. At 12:50 we spiked upwards and at 12:55 against the resistance of 1274 we had the smallest range of the day on moderate volume. This was easy point to add.
The euro completed a perfect back-up to the creek, if the low of the day is not a bad print.
Similarly gold found support at its trend line.
GDX broke down. Its price and volume climaxed 12/16 and then had a spring 1/2/09. Today on a wide true range we attacked the support around 29. The Wyckoff count calls for a fall to the price between 26 and 28.
