Yesterday was a gap up-day, today we started with a gap down. The S&P500 rallied straight to yesterday's close and then reversed back towards the morning low. It bounced, fell back to the same support-level in the afternoon and then rallied once more to the high of the day. This resistance-level held once more. So basically we got a triple bottom and a double top all in one day. One could also say it was a rather choppy session, which, I guess, was to be expected after yesterday's nice rally.
Small caps remained weak after yesterday's bad close. Big caps and S&P500 closed rather low as well. Tech held up quite good.
5m-chart SPY:
Daily charts DIA, SPY, QQQ and IWM:
Euro, oil, metals
Metals were down >0.5%, but the huge loser was oil, down 1.4%. That was on news that crude oil inventories rose 3.86M barrels.
The euro traded sideways around the 1.31-level.
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