Distance traveled…Spu’s gave you 20 points…anything into the 1386-88 will be overdone today, just as the low 1350’s were overextended on the downside Tuesday.
EWZ…has hit near term resistance. new closing strength is needed over 63.57 for more upside.
AUD/USD…104.40-50 is a 30% retrace back. This is good resistance. All new sustained price action over this area is needed for another 100 points.
Metals & Miners…each trader or investor needs to decide what style is best for them. It’s not the worst idea to lock in some profits, after all the miners are up over 4.50%
