2pm update - the chop continues

US equities remain in chop mode... after two days of very strong gains. The hourly cycle is threatening a rollover early tomorrow morning... with opportunity of a minor wave lower to around sp'2035.. perhaps 2020. Gold holding minor gains of $3. Oil remains sharply lower, -6.4% in the $49s.


sp'60min

Summary

Suffice to note... it remains a damn tricky market.

Bulls can't get hyper confident until we break/hold over sp'2064. That will be somewhat difficult, since the hourly MACD cycle is offering a bearish cross early tomorrow.

At best.. maybe 2025/20 or so... but personally, I won't short it. Overly risky...and I'm tired of getting churned to pieces.
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Notable strength: DIS +8.2% in the upper $101s.

TWTR +1.8%.. ahead of tomorrow's earnings (due at the Thurs' close).