US equities are holding significant gains, with the sp'500 on the edge of the 2100 threshold. Equity bull maniacs need a daily close >2114 to open the door to new historic highs. Considering the broader weekly/monthly cycles though.. nothing has changed, and the price momentum continues to swing toward the bears.
Hourly MACD (blue bar histogram) is now positive cycle, with a bull cross. In theory... upside into Tue/Wed.
Again.. the critical issue is whether a break >2114 is achieved.
Best guess... another marginal lower high... with a daily close under the 200dma, now @ 2074.
notable weakness, QCOM...
A rather ugly chart... repeated rally fails last week... sub $60s look due.