Quick little pullback on those divergences back into 60 minute MAs support (9/21 MAs)

Very nice!  

      01:24 PM EDT, 04/25/2024 (MT Newswires) -- Newmont (NEM) rose almost 12%  on Thursday after reporting improved Q1 financial results that also exceeded analyst projections.      

      The miner also announced the sale of a stream credit facility and   off take agreement back to Lundin Gold, the owner of a gold and silver mine in Ecuador, for total consideration of $330 million.    

          Lundin will make the payment in two tranches, $180 million due at closing on June 28 and the remaining $150 million by the end of September, Newmont said. It has maintained its stake the mine through equity stake in Lundin.    

          Newmont earned $0.55 per share during the three months ended March 31, as adjusted, up from $0.40 per share during the year-ago quarter,  beating the consensus of $0.37 per share polled by Capital IQ. Revenue  jumped to $4.02 billion from $2.68 billion, also topping the $3.68 billion consensus.    

NEM is helping GDX a lot today since it's the largest component. But otherwise most of the stocks had that 3-wave pullback look

We did flip green on SPX OANDA (the session started at 5 yesterday).  Still at -0.02% right now.

Market trying to figure out if it's worried more about inflation or growth. If it's inflation, market should go higher, not lower (peasants be damned). 

ha ha yeah, well the hope for the 'bulls' is that we had 5 waves up from Friday's lows, and that suggests a higher low, we'll see. MSFT likely to be a catalyst tonight

And your not?   

yep - bounced off support cycles, pulled back from resistance cycle

those cycles are useful