Tom: I've had my share of abruptly getting it wrong, with egg on my face!
So I am happy when I get on a train going in the right direction...ha ha
From my perspective, I think the chart was suggesting a higher price before the news with the RSI signalling it earlier than price. The market ALWAYS has a way of humbling those who think they've got it figured out...so I never try to point fingers or get cocky.
The move down for about 3 months had at least 5 failed attempts to breakout and it seems probable that we have finally cleared the down wave...
The Richard D. Wyckoff Method suggested this as a "jump across the creek" (it was the first method I used in commodity trading so many years ago as a young & aggressive trader only 25 yrs old).
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