Another day with lower lows and lower highs for major indices. Once more we see price drop significantly in the morning, but also with a nice bounce happening in the afternoon. Bulls are not giving up and if they keep defending like this, the market will only pullback a little bit before the next leg here.
5m-chart:
Daily charts DIA, SPY, QQQ and IWM:
Euro, oil, metals
A good day for metals, well, for gold and silver anyway. Both were up 0.7%. Copper was trading at breakeven. Meanwhile, the euro is still trading near 1.31 and oil is practically trading sideways for the last 4-5 days.
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