sp'weekly8
Summary
*we've two pieces of econ-data around 10am...
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A very busy week ahead... especially Wednesday, and of course.. more corporate earnings.
All things considered, I do not see the weekly 10 MA being broken - which at today's open will jump into the low 1960s. On the flip side, a monthly close (Thursday) in the 1980/90s.. looks viable.
The first real opportunity of sp' 2000 looks to be this Friday.
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update from an apparently tired Mr Permabull
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Good wishes for the week ahead!
8.53am... market turning up... sp +2pts.... 1980... R2K +0.3%
Metals naturally slipping.. Gold -$3
9.39am.. opening black-fail VIX candle.... bodes badly for the bears.. if it sticks to 10am.
Minor chop, and there looks to be zero downside pressure...
awaiting some econ-data. 9.45/10am
9.49am... major fail... Friday lows taken out. ... but still..volume is light.
notable resilience.. AAPL, +0.2%