The ES is trying to make a turn but while the futures were up on the day they remain below our trend defining 10ema.

The NQ futures put in a better day closing up 5 but they still remain below the 10ema. Note that today’s low was lower than yesterday’s and today’s high was lower than the previous high.

10-day Trin:

Multi sector daily chart:

The NDX had relative strength today but the trend remains bearishly in favor of the SPX.

The XAU was the top gun by a wide margin gaining 4%. The chart is solidly above the 10ema.

The OSX outperformed the broad market and is very close to going short-term positive.

The BKX posted and indecisive inside day.

The SOX did very little after sweeping to a new low on the move.

Oil:

Gold:

Silver:

The ES is trying to make a turn but while the futures were up on the day they remain below our trend defining 10ema.

The NQ futures put in a better day closing up 5 but they still remain below the 10ema. Note that today’s low was lower than yesterday’s and today’s high was lower than the previous high.

10-day Trin:

Multi sector daily chart:

The NDX had relative strength today but the trend remains bearishly in favor of the SPX.

The XAU was the top gun by a wide margin gaining 4%. The chart is solidly above the 10ema.

The OSX outperformed the broad market and is very close to going short-term positive.

The BKX posted and indecisive inside day.

The SOX did very little after sweeping to a new low on the move.

Oil:

Gold:

Silver:

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