Dalian is open and following its recent pattern has launched again. We’ll see if it can hold this time during the day:
Meanwhile, the sell-off for Big Iron is starting to do some chart damage. FMG is approaching the $5-handle again and its uptrend is busted:
Advertisement
Any decent rebound at this point is going to form up a spectacular head and shoulders top unless it can blast to new highs which I can’t see happening.