Overhead resistance formed
|S&P 500 took off after shallow premarket correction, Nasdaq finally led to a higher high – and then both reversed. Aftermarket rebound disappointed, and it was only early in the European session that both staged a solid rebond. Nasdaq chart looks more favorable to the buyers than the S&P 500 one, but will it be keep S&P 500 above not just 6,940s, but return it decisively above 6,955?
Intraday swings structure in both indices, gold and silver declining with USD trying to push up, are sending a message – reinforced with various volatility metrics.
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