"Expect sharp but brief counter-trend rallies." - I've written that enough times so that's this morning's pop should come as no surprise. Remember, this is a very news-sensitive week as the result of the G-20, which wreaks havoc on established trends, but only a very temporary basis. The EW structure allows for higher prices, but not too much higher from current levels, so the big picture hasn't changed whatsoever. Next update as needed.
