As you can see we are pushing lower in the $EC and my buy is still in effect as the commercials are showing a extreme net long position and large traders are showing a extreme net short. what concerns me at this time are the small traders and are at an extreme net short also. i'm looking for a break back to the upside in the coming days. this actually works well with the current count as i have a triangle forming. The d wave could have possibly completed just over 139 or still has some room back to the upside. a break back over 13515-20 and hold will be our first clue this d wave is not quite over yet.
Current position long from 13375-13360
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