Wesnesday Market Wrap

{+++} For the day the SPX/DOW were -0.35%, and the NDX/NAZ were -0.30%. Bonds lost 13 ticks, Crude slipped 15 cents, Gold dropped $28 and the USD was higher. Very short term support remains about two handles below us at 1779, then around 1747.

The market followed its recent pattern as it started to get unhinged later in the day as we started a drop of about 10 handles at around 2:10 PM. The action has been bad for sure since the week started.

Let’s see if the SPX can hold this current uptrend line tomorrow.

spx

See you guys in the morning.

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