1pm update - more of the same

US equities remain in moderate chop mode... stuck under key resistance of sp'2088/89, but with the bears unable to hold under the 50dma (2075). Metals remain weak, Gold -$8. Oil is holding moderate gains, +0.8%, but price structure is a baby bear flag.


sp'60min

USO' 60min

Summary

*I remain content to watch Oil.. seeking a USO-long entry in the $17.70/50s... early tomorrow. A move in WTIC Oil to at least $60 looks a given.
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Well, there really isn't anything to add.

Market is clearly stuck... and will probably remain so into the weekend.

To be clear.. any daily close >2088 would be very bullish, and open the door to new historic highs into early May.
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notable strength: BABA, +1.2%.. as the Asian markets continue to ramp.