Dow Jones Industrial Average: -29.92 or 0.31% at 9712.28
S&P 500 Index: -3.53 or 0.33% at 1057.08
NASDAQ Composite Index: -1.62 or 0.08% at 2122.42
NYSE Internals: 1258 Advance. 1763 Decline.
Interesting wave structures. The market isn't giving us a clear sign. Both counts are still in play. But we aren't impulsing down or up.
The next couple of days are important, it could potentially decide where this thing is heading. Break of 1039 on the SPX would mean we have topped, and are starting a severe downtrend. A break of 1070 means we are heading to 1100+. We could also remain range bound between the two pivots to shake out any weak bears or bulls.
Dollar was down. Crude and Gold both rallied nicely as a result. Tech was the strongest, financials were flat. VIX was also up.
Should be fun to see what happens!
0 comments:
Post a Comment