Another day of earnings
and uncertainty. Nasdaq made higher highs after earnings
reports after market close. Dow lost some of the gains made on Tuesday. This has left S&P
a bit flustered. There is no clear directional bias on intra-day. Overnight price action, particularly during London, held in a very narrow range. Maybe those in the know, know something retail doesn’t.
However, I maintain a upside bias, as I believe the market is taking a breather before it takes out the recent highs before coming down to fill imbalances created earlier this weak. The price went up on very thin volume
on Tuesday. I think the bears are waiting around the 44-mark.
The big guns are accummulating!