US equities are moderetely higher, and it remains the case, that either the market will take out the Wed' high of 2066.. or merely see another failure, and resume lower. A basic retrace to the 2020/10 zone - where the 200dma is lurking - along with VIX 18s, continues to remain within reach.
Q. A near term break above sp'2066, or holding below?
For the moment, we're seeing a clear reaction from sp'2060..... as no one wants to buy any higher.
A weekly close <2040 - a threshold that has been pretty important across many weeks... arguably even a year or more... would be useful.