You are most likely correct as in counter trend over the next few weeks but still suggest these time area May 1st/2nd week is very important for markets may turn hard to the other side without cause.

You can see the TS (trade station chart) 'daily' bear cross and latter the weekly break in the US market so counter trend of the long play is up as I still see it lower, take notice on the weekly time frame as to how support is at the weekly TR's (trading ranges) market off. After this test of the LPS we should be breaking that low level in the higher trading range we are trading now.

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The kagi charts on the 2% has broken as I suggested it would a little while ago, and now look at the 4% area as we have test support and I think a green waist is being created latter to be broken.

i will though mention that we do not have to make that green wasit on the 4% chart and we could break wide open for what other reason does not matter.

Commodies are sold to the hilt...and its only a small little guy holding the works up, as we are in the most senative area in time periods after a sharp fall about 40 trading day highs ago.

I am long the the yield (fall contract) long term, I am sold the hard asset markets with all indexes and long the stock market with a long DX market to boot.

Should be interesting in time.

Z