On the daily charts we see a lot of bearish candlesticks. From an inverted hammer for small caps over a dark cloud cover for the S&P500 to a bearish engulfing candle for the Dow.
This could suggest a short-term top is in place. And that wouldn't be that surprising, considering the fact that at current levels most indices are near important longer term resistance.
5m-chart SPY:
Daily charts DIA, SPY, QQQ and IWM:
Euro, oil, metals
The euro and metals had great gains with copper up +2% and silver 1.6%. The euro jumped 0.9% higher. And all that while indices reversed and ended in the red.
Oil was up more than 1.5% intraday, but gave back a lot in the afternoon, finishing up only 0.35%.
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