sp'60min
Summary
*Chicago PMI: 59...much better than many had feared.
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So..we've already broken into the 1860s...and with the daily cycle now offering 1885 in the immediate term...equity bears look utterly broken.
Regardless of any chop today...bulls are closing the month with very powerful gains.
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Notable weakness...
UAL daily
Will it hold the trend, before a lurch into the low $50s? Regardless, that is one hell of a ramp since last summer.
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10.01am.. consumer sent' comes in okay, in the 80s
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Bonus chart this hour...
sp'monthly'3.
Monthly candle finally turns back to green @ sp'1860....we're back to outright bullish on the giant cycle.
Special note: notice the upper bol'...offering 1905...that will jump to 1940/50 at the Monday (March'3rd) open. That is prime zone for an giant inter'3 top.
10.07am... bears on the run...they are really panic-covering now! sp'1864
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10.23am... I should add. next initial resistance is around 1870....on the weekly cycle... Certainly...it'll be tough to close in the 1870s today!
Notable gainer UGAZ +7%, but still -20/25% on the week