Market pullbacks hit major indexes as S&P, Nasdaq, Dow and Russell test key support at 100-day averages and Bollinger Bands. Oversold signals emerge ahead of Nvidia earnings, while energy, dollar, and bonds trade around pivotal technical levels.

We’re having another volatile day in the gold and silver markets, although this time, after a sharp early morning sell-off, both gold and silver have rallied higher throughout the afternoon.

The short-term Elliott Wave outlook for the Russell 2000 Index (RTY) indicates that the decline from the October 25, 2025 peak is unfolding as a zigzag corrective structure.

The options positioning heading into NVIDIA’s results is razor-thin, with the stock down almost 4.5% this week. The setup has shifted slightly, with the stock moving closer to the zero-gamma level around $180.

Despite claims of stable home prices, inflation-adjusted price-per-square-foot has climbed sharply, rising over 22% through 2024. Updated metrics show a clear long-term surge in housing costs, not a flat trend.

Equity jitters steepened curves within prior ranges, keeping 10y UST above 4%. Bunds richened vs swaps as long-end rates stayed sensitive to Dutch pension news. TIC data also showed solid foreign demand for US assets, especially Treasuries.