S&P 500 kept making higher lows intraday, with sellers‘ power waning as not unequivocally soft landing supportive data (GDP prices above expectations and durable goods orders above expectations stood out) were ignored by equities, which then went on to flush twice intraday – seeking to shake off weak longs first, and then the panicky reaction to Bowman talking rate hikes and more. Quick recovery into the close, with more gains for swing and intraday clients throughout the day (as for so many days before in this range as faithful Twitter followers know), was the result that interests you.The same as regards one notable equities move – smallcaps are waking up, and kept pace with S&P 500 well yesterday, at the expense of NVDA and the like – see the below chart. 
Precious metals downswing announced late last week, has been more than telling – with oil offering intraday trades as it‘s attempting to break out of its recent range. Hedging positioning for inflation surprise now.More By This Author:Tight Range And Rising VolatilityNVDA Vs Bouncing For RealCaution Ahead
