2pm update - market tremors

With the break under soft support of sp'1850, we're seeing some increasingly important weakness. For those looking, there are little tremors all over the US/world capital markets, a simmering cauldron of economic and geo-political concerns. It'll likely come to a boil...soon enough.


sp'daily5

Summary

With the break <1850..next support is the recent 1834 low.

Despite today, I'd expect the 1835/25 zone to hold, before a bounce in FOMC week.
-

As I will continue to keep saying...with each day we get closer to spring...the bulls get closer to a concrete wall of resistance.

At best...they'll hit the wall by early May...as it is...maybe 1883 was already the high?
-

Notable strength: GDX, +2%, primarily due to the continued gains in Gold

--

yours...
 looking forward to next week!