After SPY bottoming, this comes

Monica Kingsley Monicakingsley

S&P 500 was off to a rocky opening yesterday, but we made it both swing and intraday – and the market breadth that I cautioned clients about, did improve as befits such an up day. Yesterday had rather risk-on than risk-off characteristics, even though we had to deal with an opening flush, as was the case for quite a few days in a row.

Precious metals also followed my bullish call of gold reaping the rewards, and oil closing practically on my very near to $70 target given for Thursday,

What I would highlight about today? Check out this snapshot from our intraday channel, look at the crypto short-term very extended posture, and finally VIX.

Author

Monica Kingsley

Monicakingsley

Monica Kingsley is a trader and financial analyst serving countless investors and traders since Feb 2020.

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