Daily Chart: Watch for Earnings Surprises to Fuel Additional Downside Action as Precious Metals Rise
After an early test and failure of the 2000 level, the market chopped around the open range until the Fed beige book announcement at 2p EST, where we saw a swift sell-off into the low of the day of 1985. Definitely a sell the rally type of trading atmosphere. Watch for earnings surprises to fuel additional downside action as precious metals continue to rise. Happy Trading.