2pm update - equities building gains

Unlike yesterday, price action is far stronger, with a daily close likely >sp'1910 - which considering the opening low of 1878, is rather impressive. A continued rally across most of next week looks due, to the 1956/80 zone, with VIX set to cool under the key 20 threshold. Gold is -$21 as market fears subside... for a brief while.


sp'60min

GLD, daily

Summary

*I've just gone through and updated my primary list of individual stock charts, and almost every single one is offering a POWERFUL spike floor. Although it is notable that MANY stocks have broken below their respective Aug'24th low.

There is now increased confidence that we have a short term floor, and now the only issue is whether the rally maxes out next week.. or in FOMC week.

The broadly picture remains absolutely bearish.
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notable reversals...

TSLA, TWTR, AA, APA, AAPL... its a long list.

weakness, miners, the ETF of GDX -4.2%, as the precious metals lose the fear-bid.