US equity indexes are set for very significant net daily gains, entirely negating the recent two days of moderate weakness. A weekly close in the 1980/90s looks very probable, along with VIX 17/16s.. reflecting a market that is almost fully back to 'everything is fine again' mode. Of course, the reality is far from from this current hysteria.
sp'daily5
GDX, daily
Summary
Little to add.
For me, I am really liking the price action/structure in Gold/miners, and believe it will be a powerful indirect signal of a market peak in about two weeks time.
.. and I am most certainly wishing to be long metals/miners in the next cycle.
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back at the close
