I have nothing to add to Pascal’s comments in his IWM robot notes. Large players clearly showed their hands yesterday and they want to go long at this juncture.
Four RT ETF models issued a fresh buy signal EOD: XLB, XLE, XLI and XLU. This is confirming institutional support of these sectors out of the pullback.

GDX and PM Money Flow were relatively weak, allowing the robot to trail the stop loss to 55.13. As Pascal also wrote in his comment of the day, the possibility of a buy signal from overbought is approaching with further physical gold weakness today.
Billy

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