Wave B 1% Short Term Cycle Sell Signal Occurred Today

Wave B broke down today since a 1% follow through sell signal occurred, which indicates that risk is far too high to trade long from a short term cycle perspective, but doesn't guarantee that HUI/NEM/XAU's Wave B has peaked. The XAU filled it's downside gaps at 138.93 and 137.38 today, and, given that NEM outperformed the XAU by a very bullish +1.72% today and the Fed's massive punch spiking, a sharp rebound is likely tomorrow at some point, possibly after early weakness. Often cycle highs/lows occur shortly after gaps get filled, so a very short term cycle low may have occurred near today's close or will probably occur early tomorrow. http://www.JoeFRocks.com/