May 25th – Observations
Wednesday had the release of the Fed Minutes in the afternoon, and that put a reversal into the Miners sell off. Thursday has the NATGAS inventory report and we also have the OPEC meeting that could Move OIL one way or the other. These things are not unexpected, so let's discuss some observations from the current charts.
SPX - I was expecting this run to roll over after the recent slam, but it will take some time to see how this plays out.
SPX - So far the General Markets continued higher.