CORRECTED: Commodity pullback looks to extend in the short term

Key Takeaways

  • Tuesday finally produced some follow-through bounce, yet cannot be counted on to extend past 4525 given the current wave structure before turning back lower
  • Commodities weakened Tuesday in a manner that could allow for additional near-term follow-through, particularly in precious metals and energy.
  • Netflix after hours decline looks to require more selling pressure to reach support  

Markets finally showed some evidence of rallying off ...

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