The Gold/Copper ratio is still pointing towads deflation. Palladium shows weakness, while BTC Bitcoin recovered. The S$P 500 Index still hasn't filled the gap and trades below the 50-day moving average. The next bullish trigger would be a recovery of the 50-day which would signal this was another fakeout correction, with the caveat that there could be an overthrow to suck in as many bulls as possible before the next flush. Which is why I will be keeping an eye on things like gold/copper. Short-term the bounce can go on, but right now the charts remain close to bearish/deflationary breakouts.
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