Now over to the action in indices. A small gap up got faded and most indices retraced a tiny bit under yesterday's close (small caps pulled back some more). The bounce was good but during midday a longer consolidation followed. In the afternoon price broke higher and we finally saw some volume. But only half an hour later, the rally stalled and price returned to the breakout-point. From there on price went mostly sideways to eventually turn a bit lower in the last 10 minutes of the session.
5m-chart SPY:
Daily charts DIA, SPY, QQQ and IWM:
Euro, oil, metals
Gold and silver were up similar to indices, but copper outperformed (+1.5%)
Oil and the euro both made minor progress.
Have a great weekend!
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