XJO Yesterday.
XJO fell heavily yesterday -1.02%. It remains in a consolidation pattern below the key moving averages 50 and 200 Day MAs. Given overnight events, we will probably see a break downwards from the consolidation pattern. Wait until we can see more bullish conditions apply.
Overnight.
Dow Jones -0.68%. SP500 -0.72%. Nasdaq -1.23%. Small Caps -0.5%. Banks -0.43%
20-Year Treasury Bonds +1.05%.
SP500.
Bearish pressure continues on the SP500. This seems likely to once again test major support from the Sept-Oct Low. Wait.
Commodities.
Commodities Index +0.39%. Energy +0.8%. Base Metals +0.21%. Gold -0.07%.
VIX.
Vix(27.75) remains stubbornly above the 20 level which is usually taken as the dividing line between bearish and bullish.
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