I think that we have to be careful about thinking that the bottom for commodities is actually in yet. The weakness, for example, in silver, could be telling us that there is one more wave down to come. USLV and UGAZ better start catching a big bid real soon or I will begin to wonder greatly about them.
If this is going to form blue 4 it has to do it below the green line. After going above the green line it can no longer be counted as blue 4.
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