Overpowering big China stimulus news, S&P 500 flushed on weak US data, only to swiftly recover – producing both swing and intraday client profits.with the upswing into the close called as well. The extra China liquidity in the region of $175bn powered real assets ahead – copper, silver and gold all benefited mightily.
Bad news at home remained though bad news, and what could have turned into a correction, ultimately did not as my 5,755 level held. Following Monday's price action and yesterday's premarket, the bears missed an opportunity, therefore I was content not to expect a 5,755 break yesterday.
Tiem to get ready for GDP and GDP prices, with core PCE Friday (MU earnings views are premium today) – let's get the sentiment from these two charts.
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Let's mve right into the charts (all courtesy of www.stockcharts.com) – today's full scale article contains 4 more of them, with commentaries.
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