So much for the pre-market declines. Who the hell is buying right now?
Underlying price pressure on the bigger daily/weekly cycles remains increasingly negative, and a further swing lower seems probable.
Clearly though... the bull maniacs are still very content to buy in the sp'2030s.
*I'm still seeking a break into the sp'2020s, but right now, that sure doesn't look as easy as it did 40mins ago.
Meanwhile... from the ministry of lies...
|'Its a pretty solid number' - Perez.|
notable strength, miners, GDX, daily
It remains the case that the metals/miners are trading almost perfectly inverse to the broader equity market.