US equities open broadly lower, with the sp'500 back in the 2060s - with VIX 16s. First soft target is around 2040.. which should equate to VIX 18/19s. Oil is not helping underlying market mood, -1.6% in the $44s.
After yesterday's rebound, this morning's open really helps increase the probability that we'll at least hit the 50dma around 2040 within the next few days.
Things only get interesting on a daily close in the 2020s, and that remains a very difficult level to hit in the current down cycle from 2111.
Again, if we do see a break <2033.. that will open up a 38% fib retrace to the 1990s.. before next sig' bounce.
notable weakness, TWTR, daily
Continuing to degrade... seemingly headed lower until a 'bargain bidder' appears from the shadows.
time to shop... back soon