Risk aversion continued to permeate the marketplace in the NY session and the lack of any top tier economic news made for some range-bound price action. US equities plunged -2.4% and the S&P closed back below the Ichimoku cloud top which lurks near 818 here. This keeps the focus lower for stocks in the days ahead. Gold managed to eke out a rally into the 880/882 zone and closed back above its 100-day moving average to boot.
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New York Session - April 8
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