Major indices dropped big at the open, but all in all, losses aren't that bad. There's definitely no panic-selling. Maybe if tomorrow brings some positive news, we might have had a short-term bottom today. There are several red and green hammers along the board, not that this is a guarantee for higher prices on Tuesday. But there is a good chance we bounce at these levels.
5m-chart SPY:
Daily charts DIA, SPY, QQQ and IWM:
Euro, oil, metals
Oil and metals... None of them performed well today. Only the euro did good. But oil bounced of the lows and looks like it finally made a short-term bottom.
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