They were lagging yesterday, but today tech and small caps took the lead and moved higher, coming close to recent highs. Same goes for the Dow and S&P500. We saw a nice bounce the last two days. A third straight upday would be great and would bring most of the major indices probably into a resistance area (= recent highs). Interesting levels to watch later this week or the next. If we get there that is.
5m-chart SPY:
Daily charts DIA, SPY, QQQ and IWM:
Euro, oil, metals
The euro is still going sideways right above 1.39.
Oil bounced back towards $99. $97 could be a double bottom and is the first important support.
Metals were all down today, with silver being the biggest loser (down >1.5%).
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