By Fernando Luna at bitmarketperu.com
Yo what’s up guys, Stock are down today but look good for short term longs. Three waves are now complete down from the March 25 high on the SPX500, Dow and the NAS. Chances are favoring a move up to the 2639 and likely above testing the 200s. Let’s see if this cat is dead! Commodity currencies are hold up today but still look weak long term as the CRB has dropped below last week’s low of 120. The commodity index is trading at the 119 and change. Crude is still hanging out on the long term lower channel trend line at 20 bucks with 60 cents. Gold has dropped below the 1600 but is still in reach of pushing up for a 3rd of an ending trying got from. Gold is trading at the 1587 while silver at the 14.03! Peace!