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My near-term work in the HHH argues that the weakness from the 11/22 high at 56.50 into the 52.67 low on 12/1 completed a minor pullback within an unfinished upleg off of the August low at 44.62. If that proves to be the case, then the HHH is now in the early portion of a new upleg that should retest and hurdle 56.50 on the way to the 58 target zone.
Mike Paulenoff is author of www.MPTrader.com, a real-time diary of his technical analysis & trade alerts on ETFs for precious metals, energy, currencies, and an array of equity indices and sectors, including international markets, plus key ETF component stocks in sectors like technology, mining, and banking. Sign up for a Free 15-day Trial!
