Tuesday, May 6, 2014

Back To Yesterdays Lows

Indices reversed back down and found a bottom near yesterday's lows. Only small caps did break those lows and are leading the pullback.

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
The euro finally made a move above 1.39 and is now trading at March resistance. This is it euro-bulls, 'make or break'-time!
Oil tried to overcome $100 again but didn't succeed.
Metals were trading just under breakeven.

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