Don't you think we'd see a period of consolidation here? The Chinese decision is a solid blow that, despite the initial shockwave, will require some time to fully be accounted for.

Folks on the sidelines who were waiting for a pull back to buy will be met with sellers happy to unload after hanging on too long. This could set in motion the second round of selling.

Long term I'm bullish, but I'm not sure there's a big move north coming just yet. Cheers!