10am update - opening minor mess

US indexes open a little lower, but have already rebounded to flat. Daily charts look somewhat weak, and the hourly charts are still suggestive that the sp'1940/35 zone is viable. Equity bulls can easily sustain a weekly close in the 1940s without doing any sig' damage to the primary trend.


sp'60min

sp'daily5

Summary

So...is that it for the downside..or another wave?

As it is, I won't try to short this nonsense...the declines remain minor..and never last long.. as we've seen this week.
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Pretty tiresome already.


10.03am... market wants to roll over. Just who is going to buy >1960 today.. especially into a weekend?

..awaiting the 1940s... again.


10.07am.. rolling over....


10.23am... urghh...back to chop.

Oh well, I ain't short anyway, none of it matters.

Notable weakness, TWTR -1.6%, but already 1% off the low, and still looks set for much higher levels in July.