Here nosotros come across the S&P 500 e-mini index (ES) in addition to the substantial rally that has ensued 1 time nosotros could non sustain the deed below the May/June lows. The resulting thrust is taking us good into the prior trading range, shaking out the bears. The rally is accompanied yesteryear rigid NYSE TICK in addition to confirmation yesteryear the themes that we've seen during the prior rally phase: rigid stocks accompanied yesteryear weaker USA dollar, ascension Treasury yields, in addition to stronger commodity prices. Note how asset the overnight lows inwards recent days has ready the springboard for farther rally, giving us apartment consolidations. I'll survive watching to come across if nosotros tin sustain that blueprint today.
.
No comments:
Post a Comment