Despite a continued bounce from 2039 to sp'2057, all US equity indexes are still set for a second consecutive net weekly decline, with particular weakness in the two leaders - Trans/R2K. USD continues to claw upward, +0.1% in the DXY 93.90s. Oil remains off the highs, +0.4% in the $44s.
Little to add... on what is a real messy day.
No doubt some are now touting a new surge higher... well above resistance of the 2080s.... and back into the 2100s.
Yours truly is still seeking another push lower to the 2000/1990s. However, even if that occurs, will the VIX even make it to the 18/19s?
For now... the mainstream remain utterly confident that things are just .... fine.
notable strength: GDX +3.8% in the $25s.
3.40pm... CHK, 60min
So.. err... whats going on there?
I see rumour/chatter of news due in AH.