The HUI (Amex Gold Bug Index) ended slightly down today on an inside bar. An "inside bar" is a trading range where the day's action remains between the HIGH and the LOW of the previous day's trading.
The Fast Stochastic drifted down outside of overbought territory and is no longer embedded.
The Slow Stochastic remains fully embedded (a sign of strength).
The Bulls having owned the month of June seem to have dug in and are defending the gains of the last month. If the Slow Stochastic falls out of overbought territory, then look out for the Bears will have launched a counter attack.
I am completely neutral at this point with no open positions in the market.
Peace Out and Stack On!