Hi Lapdog, I agree with your thoughts regarding sentiment--it is a powerful driver and certainly is driving this rally.
McHugh has a turn date due tomorrow for the USA-- it's quite possible it may have come a day early?
The SPX hit the bottom of its short-term uptrend channel and bounced severely.
Notice the turning up of the stochastic from the lowest low since the March rally began.
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Last
8,603.0 |
Change
7.200(0.08%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,595.8 | 8,616.8 | 8,589.5 |
| XJO (ASX) Chart |