10am update - failed opening gains

Good morning. The opening gains have failed, and the door is open to weakness into early Tuesday. Natural fib' downside is the 1820/18 zone, which could mark a small C wave. Broader upside is still expected later in the week. Metals are moderately higher, Gold +$6


sp'60min

sp'weekly8

Summary

Well, here we go again, and this is a full week..so..things should be a lot of more active!

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Notable weakness: DRYS, -4.5%,   TWTR, -5.9% , although it has to be said, those levels of price moves are not unusual for either stock.


10.03am.. first downside target is around 1825/24, but no reason why we won't fall a further 6pts or so.

Anyway, broader trend is still up.