The overnight lows are good.
Nasd 100 held its 200 DMA and the risk spreads are holding
their respective short term averages.
Nasd 100..Pit session gap is 7101.25-7116.
Spu...Pit session gap 2794.90-27.93.50.
The gaps are important from a charting perspective to see it the Indices
have a one day Island top.
This will show whether the Spu’s can start a normal corrective phase of -50 points
to fill weekly pit gaps from February or a continuation of an overbought rally.
Nasd 100 would have to close below its 200DMA @ 7073.50 across the board profit taking.
Home Depot is the weak link with disappointing earnings.
In Currency land the Pound rallied on a delayed Brexit vote.