Stocks indexes fell heavily in the a.m, and even heavier into the close, closing down over 2%.
China was down 3.4%. Oddly copper was up about 2%
/ES hit 2048.5 for a slight bounce but couldn't hold. The gap at 2043.5 couldn't hold either. /ES headed for vM to 2019 which is right at a LIS, and a gap from the previous contract. Needs to hold 2018 area or sub-2000 right there.
The Russel fell over 2.5%. 1129.5 on the radar.
The Nasdaq plummeted over 3% to close just above its 200ma.
The Dow fell hitting a vW at 16927 so it could bounce from here but would need very constructive price action.
The NYSE fell heavily below neckline of vM 10077, triggering the pattern.
The dollar fell quite heavily with stocks. Its under 10 and 50 ma's. Watch the 10ma to see if crosses below the 50ma.
The Euro.
Bonds above ma's. See if can take out short term vM to 157'06.
Gold made an impressive rally overnight and continued throughout the day hitting vW targets and closing above $1150.
Copper was up 2% today while markets were down.
XLF fell over 2% to just above its 200ma.
Oil was up over 1% but ended up closing down .97%.
IBB fell over 4%.
BTU up another +20%
AAPL had a double bottom but looks like is failing. If falls to 108.67, looks like could be a buy as long as overall markets can hold up. If can't hold 104.47, expecting sub $85 area.
Buy AAPL at 108.68, stop 104.47 (-4%), target 148.47 (32.6%)
Intraday
Daily
DDD hit $12.20 triggering a buy order
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