The ES was higher by 2 handles on the day after recouping a gap down. Price is still contained within the range to date high so range was not expanded. The pattern is now 7 days up.
The NQ futures were higher by 3 on the day with nothing new technically because it was in inside day. Price did settle above the open but it means very little when it’s an inside candle.
The 10-day Trin took a hit but remains overbought.
Multi sector daily chart:
The BTK was the top gun on the day, breaking to a new multi month high. Expect very strong resistance where the 200dma converges with the 8/8 Gann level.
The banks continue to show relative strength settling above the 200dma. Keep in mind that a gaming of the 200dma could still be in the cards. The 8/8 Gann level is just overhead.
The XAU continues its recovery. Watch the DTL that has been added to the chart.
The SOX posted an inside day just below the 200dma. The pattern is now 7 day up.
The OSX was the last laggard on the day losing more than 1%. Please not the active trend channel added to the chart.
Oil:
Gold:
