2pm update - awaiting yet another minor wave lower

US equities are battling hard to turn net positive on the day, but there looks to be very significant risk of a further wave lower into Tuesday. Regardless, price action still broadly favours the bulls, with the 2005/10 zone now viable on the bigger weekly cycles.


sp'weekly8

Summary

*for this hour...a break from the minor noise, with a reminder of the broader trend.

Upper bol' on the weekly is offering the 2000s in the immediate term, although daily charts will be restrictive to the 1990s this week.
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On any basis..this market remains bullish...and certainly, the default trade would be to the long side.
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*I remain content on the sidelines... seeking a better entry level...but hey...I realise I might not get it.



2.27pm... possible reversal underway.... at what is a typical turn time.

Bulls...beware!