The ES was lower by 5 posting an inside day on the day. This means that there was technically nothing new on the day.
The NQ futures also posted an inside day losing 18 doing so. This was a classic measuring day where the market worked off yesterday’s strong upward impulse.
Multi sector daily chart:
The SOX/NDX cross is still below the key breakdown level which is bearish for the overall NDX.
The OSX was the top gun on the day and closed higher by a small margin on the day. The bad news is that price remains below all of the major moving averages.
The BKX remains trapped within the recent trading range.
The XAU posted an inside day.
The SOX remains below all 3 major moving averages with an active Seeker sell signal in place.
The BTK has yet to release any of the energy from the 9 days down.
Oil:
Gold:
Silver:
