USD is positive.
A morning star on DXY.
A morning star-ish on US 10Y but definitely reversing up.
Gold has a triple top in place.
EUR/USD is reversing down from downtrend line.
S&P 500 has touched resistance and is reversing down at the time of writing. And NASDAQ is also negative on the day so far.
I don't know what the catalyst is for this but the VIX is also showing signs of reversing higher from a relatively benign 21.58 level. The regional banking sector did rebound this morning but the SPDR S&P Bank ETF opened at 37.40 and is currently at 36.62. So maybe there is still some underlying nervousness about the banking credit crunch.
Anyway, the charts don't lie.
A morning star on DXY.
A morning star-ish on US 10Y but definitely reversing up.
Gold has a triple top in place.
EUR/USD is reversing down from downtrend line.
S&P 500 has touched resistance and is reversing down at the time of writing. And NASDAQ is also negative on the day so far.
I don't know what the catalyst is for this but the VIX is also showing signs of reversing higher from a relatively benign 21.58 level. The regional banking sector did rebound this morning but the SPDR S&P Bank ETF opened at 37.40 and is currently at 36.62. So maybe there is still some underlying nervousness about the banking credit crunch.
Anyway, the charts don't lie.