Good Morning! No way to predict the action that unfolded today but the SPs ended up with an upside breakout fro the 20K chart coil and closed back into the prior trading range. Expect upside follow-through. Watch the Russell index for conformation – it needs to take out the 120 minute swing high marked off on the charts. numerous shares remain in well sustained uptrends. Both MSFT and INTC, too big ones, have very positive chart formations. And of course the oversold share are due for a technical rebound at least.
Bonds and Bunds made new highs. Tens and fie year notes made a lower high . Non confirmation marks the tops of the swings. The tens can take out that last 120 minute swing low to the downside as shown on the charts above.
Today and Thursday are that last two full days of the week. Grains and softs should now all be trading July as front month.
Have a great day! Linda