
As we can see from the chart above the morning rally stalled at the downsloping trendline. The long upper shadow is bearish. Volume was light. Looking ahead to tomorrow morning, there are important economic releases - at 8:30 AM EST, initial claims are scheduled to be released with current expectations at 600k and the final first quarter GDP number will be released, expected to remain at -5.7%. Those numbers could give direction.


No comments:
Post a Comment