Good morning. US equity futures are fractionally higher, sp +1pt, we're set to open around 2101. USD is +0.1% in the DXY 94.00s. Metals are mixed, Gold -$3, whilst Silver is +0.6%. Oil is -1.5% in the $41s.
By today's close, equity bears just need <2100 to break rising trend... and if we're going to have a chance of reaching the 2065/61 zone by the Friday close, we really do need to close net lower today.
Cyclically, the setup favours the bears, with the MACD equity cycle set to see a bearish cross this morning.
INTC -1.9%... post earnings depression. Maybe they need to just fire even more people?
Japan: opening sig' gains fading across the day, settling +0.2% @ 16906
China: broad weakness, -2.3% @ 2972
Germany: currently +0.2% @ 10369
Have a good Wednesday