This morning we had a wild bullish reaction, but shows no well defined impulse type of a wave.
In other words, there still should be more lows to come. How the next bunch of declining waves
look like, will als o help in determining if we are coming to a sudden end to this decline.
The April 4th peak could also be my "B" wave top so we still have a long way to go for that pattern to completely play out. It would not surprise me to see gold rally for the entire stock market bearish phase, but it could also end up reversing.