The velocity with which markets sell off nowadays is incredible. As soon as things start to move, they really move. Then, prices start to steady and the longer-term buyers enter the market. It's something that has happened the past few trading sessions in equity markets.
Whether this is the bull market's last gasp or just a brief respite is really what is left to be seen. For now, markets have steadied with the Emini S&P 500 ($ESZ7) trading up 2 points and the Nasdaq ($NQZ7) up 20.
Gold ($GCG8) is experiencing some pressure and trading towards the lower end of the recent range and near support at $1,270. Crude Oil ($CLF8) is flat for the day - at $57.50. It seems that the recent rally is at least taking a breather for the moment. Is it going to reignite or fizzle?
Senior Performance Coach John Hoagland goes through all of these markets and the important levels that matter.
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