Tuesday’s trading session confirmed the market’s bearish bias following Monday’s inside day. Major indexes broke below Friday’s lows, triggering further downside movement, while the NASDAQ reached its next downside target before bouncing. The VIX moved above a key resistance level intraday, cryptocurrencies weakened, and commodities remained under pressure, with gold continuing its decline and crude oil showing only modest strength in the pre-market.
Sector performance was mixed, with home builders leading while semiconductors lagged. Energy stocks generated sell signals on both sides of the border, gold stocks continued making new lows, and several major stocks, including Apple and Tesla, remained under pressure. With CPI data and U.S. oil inventories scheduled for release, the market’s next move will likely depend on incoming economic data and whether key support levels can hold.
Stephen Whiteside
Wednesday, June 10, 2026
