[RIO] is at critical resistance

Today's upward move has pushed Rio Tinto ADRs (Ticker: RIO) right up to resistance.  I would much prefer that this pulls back a little, perhaps fills that first gap, and then gaps up above both the lower and upper rails of the falling wedge.  That would give us good confidence that the herd has chosen to begin getting back into commodities.  The commodities will not be a bust forever I can assure you of that.  But if this resistance holds then was can easily see a significant new low here in the next 6 weeks.

As RIO goes, so go commodities.