Nightly market recap:

- $SPY $SPX broke to the $6100 mark on good volume here after the $6050 cutoff as bulls absorbed the bears here. Looking at the $6105 next cutoff for any response from sellers as a reaction, if not then we will easily see a new all-time high.

- $TLT $TNX bonds broke above $88 but found a respectable wave of sellers above the $88.10 level here to break off the rally. Now it looks like it'll hover around $87.50 as we wait for new responsive buyers. We expected some weakness as the trapped $87 buyers had the chance to book profits.

- $IWM small caps following similar price action to $ES here, breaking above the upper $2300 range on good volume though finding the responsive sellers at $2330 again. If we don't get a new buying wave to break this upper channel, then we'd expect a fade back to $2250 soon enough.

- $USO $OIL crude oil looks like the short term bottom / cutoff is $75.25 to hold off some of the continuation sellers in bonds. Based on the $XLI $XLE price action we would think an ensuing rally to $85-$90 is coming through here soon.

- $GLD $GDX gold finding another wall of responsive sellers at the $2760 cutoff, if we get a breakout of 10-20 points then there might be some aggressive responsive selling to come through. If this plays out then we have a decline to the $2700 cutoff again to retest.

- $DXY dollar retesting the lower cutoff of $108 for the fourth time this month so far acting as support. The weakness in the dollar as a view has taken on the commercial interest as shown by the @Crowded_Mkt_Rpt recently.

More details coming in shortly ☕️
#spy
#SPY #SPX #TLT #TNX