Whilst the broader market is seeing continued minor chop, there is some notable weakness in the Transports, -1.2%. A break <7000 would be a initial warning of broader market weakness. Precious metals are trying to build gains, Gold +$4
To be clear, the drop in the trans is interesting, but I can't take it seriously.
We have 2 significant QE this week, the price action is NOT at all bearish in the broader market.
11.34am... same old nonsense..right? Slow motion melt..after a brief tease to the bears at the open.
..only another 4/5 weeks to go...I'm guessing.