A gap down for stocks this morning so now the initial battle will be between the the gap near 3800 and now 3950, which was holding as support for 4 days.
After failing at the 200-day EMA, the 100-day EMA (green) is trying to hold at today's lows, an average that has been meaningful on this chart over the last few months.
A rally up in the 10-year yield isn't helping but the 50-day EMA is trying to keep it down.
The dollar is spiking but this chart has a lot of cleaning up to do with all of those open gaps above. The I-fund may take a big hit today.
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