Tech down today on ORCL-earnings

Nasdaq was down big today on ORCL-earnings, the stock got punished, -13%. So after yesterday's 'topperformance', markets had a hard time consolidating. A follow-through day was not in the books, also thanks to ORCL.

After a morning with lower lows and lower highs, the market found an intraday bottom at lunchtime. From there on it was a not so clean, rather choppy ride up towards yesterday's close (= morning high). And in the last hour of trading, price broke the morning highs confidently, even taking out yesterday's high.

5m-chart SPY in the trades-section.

Daily charts DIA, SPY, QQQ and IWM:

Not much correlation among metals today, with copper up, but silver down. Oil on the other hand gained +1.5%. The euro traded near breakeven after a big spike up and reversal during pre-market.

Trades
Two trades in SPY today. The first, I got in on a hammer on the 2m-chart, but price soon went lower. Out for a loss. The second trade was when the intraday wedge broke to the upside (see chart below). Out partly with a good gain, but the biggest part on breakeven (the pullback was a bit bigger than expected). Right after that, the market shot higher (the low was only 4 cents under my stop, but that's trading). Still trading small positions here.

First trade: long 123.42, out 123.23
Second trade: long 123.21, out 1/4 @123.48, all out 123.19

5m-chart SPY:

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