After some more downside, the low of the day was hit an hour into the session. Indices climbed, slow but steady, until 90 minutes before the close. A small pullback and once more the bulls brought price back up near the highs where we closed.
All in all not a bad recovery, but overall action is not so good. Bulls desperately need to get back near yesterday's highs as quick as possible. If we loose today's support, a lower high on the daily chart is in the making (except for the Dow).
5m-chart SPY:
Daily charts DIA, SPY, QQQ and IWM:
Euro, oil, metals
Metals and oil got a bit of a beating today, down much more than the major indices.
The euro was sitting in the same boat...
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