The S&P 500 initially tried to rally on Friday, but continues to find the 2275 level to be overly exhaustive. The NASDAQ 100 trying to rally on Friday but after making a fresh, new high we ended up forming an exhaustive candle.
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Gold rose slightly on Thursday as uncertainty regarding the economic policies of new U.S. President-elect Donald Trump offset pressure from strength in the dollar.
The S&P 500 fell slightly during the course of the session on Thursday, as the 2275 level continues to be resistive. The NASDAQ 100 initially rallied during the day on Thursday, but gave back quite a bit of the gains.
The EUR/USD pair went back and forth on Thursday as we continue to see quite a bit of volatility around the 50-day exponential moving average. The British pound rallied slightly during the session on Thursday, as we try to figure out what the next move is.
The WTI Crude Oil market initially tried to rally on Thursday but after a bearish inventory number coming out of the United States, the market rolled over and ended up forming a shooting star yet again.
The USD/JPY pair rallied on Thursday, breaking above the 115 handle. The Australian dollar rallied during the session on Thursday, as the 0.75 level continues to be massively supportive, and thus I believe that the buyers could return to the market.
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