Listless sideways action, likely a consolidation.
Jobless claims up 14,000 to 281,000. Yey, bad news, maybe the Fed won't act. Wait, why are futures heading down on the news.
AUD today's standout higher. USD still rather firm. EUR pattern remains the opposite.
Prices among the entire complex continue to build buying pressure, imo.
Crude trying to find its feet after getting slammed. Still holding above 50, but more important level is 47.05 -- must hold there.
NG closing in on new lows. Would be a buyer there.
Gold back below 1200. Emotional market.
Across the equity markets, wedges are everywhere, and almost each one suggests higher prices while tests lower cannot be ruled out.
Here are the break points as I see them:
New York Composite
The S&P's current pattern over the last few days suggests a higher resolution, but what it does above 2089.81 is anyone's guess. The daily chart is still too much in the middle of the range for a higher odds outlook at this time. That is why I continue to be patient for a material break lower or higher.