The ES is trying to make a turn but while the futures were up on the day they remain below our trend defining 10ema.
The NQ futures put in a better day closing up 5 but they still remain below the 10ema. Note that today’s low was lower than yesterday’s and today’s high was lower than the previous high.
10-day Trin:
Multi sector daily chart:
The NDX had relative strength today but the trend remains bearishly in favor of the SPX.
The XAU was the top gun by a wide margin gaining 4%. The chart is solidly above the 10ema.
The OSX outperformed the broad market and is very close to going short-term positive.
The BKX posted and indecisive inside day.
The SOX did very little after sweeping to a new low on the move.
Oil:
Gold:
Silver:
