So... another minor wave lower...
It remains the case that a reasonable cycle low will be in the sp'2060/50s. Sustained action <2050 looks highly unlikely.
*I am content on the sidelines. Right now, I'd actually consider LONG-oil, via USO... but not until equity indexes look floored.
11.26am.. notable weakness, USD, -0.3% @ DXY 95.10s.