Indices went sideways, staying inside yesterday's range. So far, yesterday looks like a fake move higher. But this could also be the typical behavior you get in most bull markets. Up 0.6%, down 0.2% and so on. In the long run, nice gains. On a day to day basis, the action rather looks choppy.
5m-chart SPY:
Daily charts DIA, SPY, QQQ and IWM:
Euro, oil, metals
The euro is still going sideways. That's six days in a row. Expect a big move up or down soon (I would suspect up, this looks like a nice bullflag).
Oil pulled back towards the $102-level.
Metals didn't act well, only gold was (barely) up. Copper and silver both losing more than 0.5%.
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