sp'weekly8
Summary
A closing green candle..is pretty important in my view, and for that, we need 1871 or higher.
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Notable weakness: SDRL, -3.2% @ $34.80s (I'm long from $35.10s this morning). A touch annoying, but I'd rather hold SDRL than RIG.
SDRL, 60min
It should at least level out by $34.60 or so...or it could be a problem.
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CHK +1.7%..and I might drop that in the closing hour..esp' if >$30.
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Overall though, equity bears just look powerless, and market looks poised to push higher next week.
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2.35pm.. minor chop..and market is so far able to hold the sp'1870s.
SDRL...is battling to put in a floor in the $34.50s - just above the 50 day MA..along with rising support.