S&P 500 lived up to my base scenario of providing false sense of security given Wednesday – except not on economic data (not really stagflationary, for a change – and the same is true about unemployment claims), but on auto tariffs delay news. I‘ve been covering the prevailing bearish outlook yesterday, and issued the below intraday update for swing trading clients, and intraday ones were also ready to expect downleg resumption in equities.
Full details including the key takeaway as plenty of swing and intraday gains had been delivered to clients – „choose what you wish to trade, which moves to chase“ are covered in today‘s packed video incl. yields, gold, silver and oil.
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Let‘s move 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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