After some selling in the morning while slightly undercutting Friday's lows for most indices, the market finally found some traction in the afternoon. But it wasn't after a retest of the days low that a last hour rally got indices back near the high of the day. All in all, a pretty uneventful day, except for commodities. They bounced big from Friday's draw down.
5m-chart SPY:
Daily charts DIA, SPY, QQQ and IWM:
Euro, oil, metals
A nice bounce for oil and metals after Friday's big move down.
The euro is barely moving of the 1.23-level, which was support a month ago. We might see more downside soon. All depends on the news happening in the eurozone, of course.
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