Most US equity indexes are set for the second net daily decline of the past 4 trading days. Price action remains relatively subdued, but will likely become increasingly dynamic across the rest of the week. The daily/weekly cycles increasingly favour the equity bears.
... a basic retrace to the sp'2040s looks very realistic in the near term.
Other than that.. we have a notable blue candle on the weekly 'rainbow' chart.
.. for now.. there is little else to add.
RIG/SDRL, both lower by -5% or so.
strength: DIS, +0.7% in the $104s.
back at the close.