Oil now below its recent attempt at basing. Equity mkts following. $51.77. $52 will now be overhead resistance. Support becomes resistance and vice-versa.
DOW -131.29
SP500 -9.99
NAS -9.64
Cryptos have gained back some earlier loss but not much.
Mkts are performing as If they are waiting for a big news item…just like the entire week
Morning dip on both gap up/down. Bounce and drifting up to sideways for rest of session. Absent any large news item it appears this us the same pattern as the mon-weds sessions.
Those ended with the biggest trading volumes of the day.
Painting the tape.