Slightly higher, about to make brand new ones.
Bidding wars, lack of supply, fast markets . . . they're baaaack.
They better hurry. Looks like the rally from the 2016 lows has used up its gas.
While the Dow Jones is in historic nosebleed territory.
|Source: Wall Street Journal|
Meanwhile the Ring Of Fire continues its own negative mood trend. If Mother Nature gets in a bad mood, we could all be in a bad mood.
Now its CHF and JPY showing strength (and possibly suggestion caution). USD red after missing its 101.75 swing point by just 35 ticks.
Bitcoin up another 2%.
Whole lotta shaking going on yesterday but not a lot to show for it, just a bunch of high volume dojis. Today thus far prices are climbing with more conviction.
WTI crude up over 2% with 55 in the crosshairs once again, and NG is joining the momo up over 3%.
Nice turnaround in precious metals today while copper is red.
2343 area continues to look juicy, but price hasn't broken. Therefore the buying pressure remains relentless on the bears.
The volume shelf has risen to the 2362 area. The higher Fib zone at 2373.89-2379.39 is still wide open for a test.
Price would need a sharp & convincing close below 2362 to entertain lower.