All US indexes are set for rather significant net weekly declines. With huge technical breaks all over the place, the near/mid term picture into Sept/Oct' is increasingly clear. Regardless of the exact close, it has been a week of repeated failed rally attempts by the bull maniacs.
Suffice to note, a week where the market kept trying to rally... and failed.
In theory, there should be at least another wave lower in the closing hour.
I'd like to see a weekly close <sp'2070... but considering we were trading 2112 on Wednesday, I'll settle for anything right now.
*I will hold long-VIX and short-INTC across the weekend... seeking better exits.
back at the close