sp'60min
Summary
There is little reason why we won't see continued minor chop for the rest of the day. Certainly is a touch of weakness out there - for a minor down wave.
So long as the bulls can hold the low 1850s, the week looks set to close in a pretty bullish manner.
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I am on the sidelines, kinda tempted to pick up an index-long block, but then...a long weekend ahead, will likely wait until next Monday.
There is no reason why we can't open a little lower next Monday, somewhere in the 1850/45 zone..which should hold before renewed upside.
notable strength: TWTR +3%
10.20am.. chop chop chop...only another 5hrs 40mins to go of this.
10.40am.... new highs..next level is the 1872s (fed minutes spike high).
It sure feels a tiresome day though, and I am not getting involved.
Notable weakness in the coal miners, although that has generally been the case since 2011 !