Intraday Snapshot

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Just some quick thoughts from me:

  • Gold's reversal today is important;
  • The fact that AMZN is up something like 25% (they added 33% to their market cap; and this isn't some local brewery; this is a $50 billion market cap company!) and all the major indexes are down, including the NASDAQ, is hugely encouraging.
  • Breaking yesterday's /ES low of 1070 would be the best news the bears got since………..well… any time this year. We must close beneath 1070, or else we're just trapped inside this 1070 to 1100 range.

150 minutes to go, everyone. Hang in there, use sensible stops, and don't get carried away.