After a hefty overnight gap we seem to now be on the downturn for markets, at least according to the SPY chart.
QQQ and IWM are strong but have gaps that may well need filling before the next major leg higher.
Earnings season is only going so so, so far, as we see stocks continue to setup new patterns in many cases.
Gold is holding and looking for a move up now with silver looking as it’s marked a low.
Looks to be like we are turning lower off the top end of this range play I’ve been talking about for weeks.
Look for the pivot area at 235 and the low end of the flat base remains at 232.50.
Have a lovely evening.
