Good morning. US equity futures are moderately lower, sp -6pts, we're set to open at 2057. USD is climbing into year end, +0.2% in the DXY 98.40s. Metals remain weak, Gold -$2. Oil is -1.0% in the low $36s.
So.. the gap zone is set to be fully filled at the open.
Equity bulls need a Thursday close >2058 for a fractional net yearly gain.
Best guess... after opening weak... market should rebound, and close net higher. Considering it is holiday trading conditions, anything much above 2080 looks difficult.
*it would seem Japan and Germany didn't even trade this New Years Eve, so we already have a few year end closes.
... awaiting weekly jobs and Chicago PMI data.
9.31am.. sp'2051... we're back under the monthly 10MA.... if it stays there.... alarm bells will sound.