Long term ratio explains why short stocks & long gold/metal stocks is working like a clock since Dec 30. Bearish wick into supply zone in monthly timeframe, backed by momentum hidden bearish divergence (left chart) and the same bearish wick backed by bearish momentum divergence in the weekly timeframe (right chart). Probs are, expected bounce due to trend line support ,will stop either at high 12's or high 13's, where PA action will be reevaluated in order to further trim or add to positions p.s. Thnks to Technician manage to publish properly this time:-)
