Goodd Morning Traders!
SPs pushed to new highs, so far the DOW has fallen short…..KO MCD TRV versus GS IBM V and BA during this earning’s season….
AAPL proved to bee anticlimatic….
Most markets remain in one extreme or the other – range bound currencies and metals versus trending grains and nat gas….
There remain unfilled gaps to the downside in all indexes basis the Pit session from Tuesday’s trading…..These can come into play on Wednesday – see levels marked off.
Bonds and tens remain in trading range on 120 minute charts – not ripe for breakout up or down quite yet. Silver, however, has nice converging trendlines on 120 minute chart that often leads to better range expansion move…
Market indicators remain relatively neutral with the exception of sentiment indicators such as put/call ratios, which remain overbought.
Sps closed well off their high – look for gap areas to downside now…120 minute chart provides nice roadmap on DAX and Russell.
Have a good day!
Markets in BO Mode: