Good morning. US equity futures are moderately lower, sp -5pts, we're set to open at 2086. USD is -0.4% in the DXY 94.70s. Metals are slightly mixed, Gold +$1, whilst Silver -0.1%. Oil is -1.0% in the $43s.
A pretty important week is set to begin.
Equity bears need (at minimum), to hold the market from breaking above the recent high of sp'2111
Preferably.. a weekly/monthly close in the 2060s... if not the 2050/40s.
Price action in the 2030s or lower looks out of range in the current cycle, until around mid May.
DB -2.9% in the $18.30s.
*pre-market VIX is showing +8% in the 14.30s.
Japan: moderate weakness across the day, -0.8% @ 17439
China: -0.4% @ 2946. A monthly close <3K looks probable.
Germany: currently -0.8% @ 10289... an April close under the 10K threshold would be especially useful to the bears.
.. and a rather bizarre end to ep'1 of season'6 of Game of Thrones.
Have a good Monday