Broken

50 DMA broken and we have skid much lower. Making new lows after 1pm is a bad sign for the close barring the protection team coming in and saving us from more selling.

50 DMA

Here comes the 50 DMA. Test and hold? or Test and close above ? or Test and close below? Anyone guess?

Some Projections

If we dont make new highs to negate the projections set up I will be looking for the following numbers to be hit in the following markets: OIL: 95.25 GOLD: 1504. These are longer time frame projections and I am still sticking to my analysis that in a longer time frame we are still in a bear market that will end sometime in 2016 so we go a long way to go.