Market breadth mystery
|S&P 500 and Nasdaq premarket push did hold this time, so it was time to join for a few short hours on the ES long side. If you look at the Nasdaq hourly chart, the picture is very different, and that‘s what breadth shows just as well. Bonds are quite unfazed, and bullishly looking – so much for today‘s briefest overview of what‘s discussed in detail with clients.
Today‘s game plan, including what to expect relatively from Nasdaq and S&P 500, is already in.
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