Monday, October 21, 2013

Major Indices: Consolidation

Not much happening in major indices. Today was purely consolidation. So far, so good for the bulls.

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
The euro is consolidating, still moving along with indices. Oil broke down through 101-support. A short-term move towards the mid-90ies is not unlikely.
Metals: gold and copper traded near breakeven. But silver went up 1.4%!

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