10am update - another failed rally?

Good morning. The bulls are making another attempt to break this decline. First soft resistance is the declining daily 10MA of 1434. I can't see that being broken above today.


sp'daily5

Summary

Another very important day, one where the bears again have to keep a tight restraint on the opening gains, and break it back negative later in the day. If we see another failed rally, then it bodes badly for the bulls tomorrow, and into next week.

Bears should seek a significant red close, under 1400.

We have AAPL and AMZN earnings at the close, its going to be a long day indeed.

back at 12pm