2pm update - no buyers out there

Equity indexes remain moderately weak, and the sp' has taken out the earlier low. Weekly charts remain highly suggestive that 1709 was at least a mid-term high, with downside to the 1575/50 zone in September. Metals and Oil remain weak, but nothing of significance.


sp'15min

Summary

We remain within a very clear descending channel..as seen on the 15/60min cycle charts.

The safe long trade is obviously AFTER a break above..and out of the channel, which by the close of today is around sp'1655

*not sure why, but MRO is especially weak today...

Hmm