Another micro-cycle to the downside, but even now we're barely 0.5% lower. Hourly index cycles offer upside back into the 1570s across Tue/Wednesday. VIX is +8%, but is still below the important 15s from March'19. Gold holding slight gains, whilst Silver remains weak.
Hourly MACD cycle looks very low, and bears face a significant risk of seeing the indexes back in the 1570s tomorrow.
I suppose 1580s are viable Wed/Thursday, but that would merely make for an even better short level.
back after the close