The inevitable pullback appeared today....actually, it appeared yesterday right at the Globex reopen...and it looks to continue for a while as we move to and through Comex option expiration on Thursday. This comes as welcome news for anyone looking for an entry point and today we discuss why I expect these pullbacks to be relatively shallow with most of the damage already done.
Here is the key point to consider. (After attempting to walk you through this verbally, I thought it best to write it out).
March 5 CoT survey after CDG had broken out above $2100: Large Specs NET...
