After showing signs of strength (SoS) (see the previous post) the tide seems to have turned and we are seeing some signs of weakness (SoW). Volatility
has increased to the downside. The smaller TR
that has formed at the top of the larger TR
is also showing an increase in volatility
indicating distribution. With the rally in gold
, the rally in harmony has been poor and could not break the highs. This looks like there is some downside to come.