Hi Yogi,

Good point.  I think before.  Even though there are projections a little lower, price's job simply is to trade below 3.18.  So far, it has not been able to do it.  Price rallied up accessing the energy stored above the market this summer, and this as far as we have gotten...couldn't even make new lows?   And we spent the whole last month churning ???  This week, price attempted to make new lows post report,and didn't do it. Myself, I am looking that as bait a level to get washed and not a sign of a double bottom, but we'll see.   Nice little gap up to give the weak longs in as well?  The market structure leading into this report is much different this time.     All this time spent flip flopping around in here is building energy for price movement.  The same set of lines that were used to project the top of the rally in the summer, could become balance, and it's will be simply a matter of projecting the energy below to above, and that gets us to above 5.25.   That would a normal market correction, into a whole different set of energy,.......What the report says isn't important, but what price does after it...IMHO

Edit to add...this summers rally is a projection of time...the vertical movement afterwards is projecting price movement

Take Care