The S&P 500 rose initially during the course of the session on Tuesday, but then turned right back around to form a shooting star. The NASDAQ 100 try to rally as well, but also produced a shooting star.
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During the day on Tuesday, the gold markets initially fell during the session, but did bounce to show that the $1240 level continues to be quite a bit of support.
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Gold prices initially fell yesterday but bounced up nicely from the anticipated support level at $1234 and pared most of the losses.
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The EUR/USD pair went back and forth during the course of the session on Monday, as we continue to see the market trying to break higher. The GBP/USD pair gapped lower at the open on Monday, and then continue to fall but turned right back around to form a relatively neutral candle.
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The WTI Crude Oil market rose during the course of the day on Monday, testing the $50 level yet again. Natural gas markets gapped higher at the open on Monday, but then turned right back around to fall and fill that gap and then eventually bounce.
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The S&P 500 broke higher during the course of the session on Monday, breaking above the 2110 handle which has been so important recently. The NASDAQ 100 is trying to break out as well, but there is a significant amount of noise between here and the 4600 level, so it’s not really until we break above there that we have the same situation that we see in the S&P 500 right now.
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