sp'60min
Summary
So..a relatively quiet open..a little chop..and with the daily and weekly charts pushing to the upside, the bulls should manage to close today in the 1715/25 zone.
No doubt many will be calling a top if we're in the 1740/60 zone within the next few weeks, but again, I'll ask..why would it stop there? Equity bears have been under-estimating the power and duration of the up cycles since the multi-year rally started in 2009.
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*Metals look very weak, and it is somewhat annoying to see Silver continue to fall having exited last week. I remain long Oil, and hopefully that will break above resistance either today or tomorrow..and start some degree of multi-day climb.
Early mover: TSLA, +2.9% in the $184s