Strong Crosscurrents

Stocks were in a broad retreat as this session began, with the Dow down more than 200 points. This made for an especially interesting lesson that was entertaining as well. The selloff follows a week in which shares had trended strongly higher, but with a peak the day before that had failed by a small margin to generate a fresh, bullish impulse leg on the daily chart. Silver and Gold were moving in opposite directions, but there was Hidden Pivot evidence the latter would prove strong enough to drag the former higher over the next few days.