sp'daily5
Summary
Little to add.. on what is another tedious day.
Daily MACD cycle on the sp' is set to turn positive at the Friday open..and a break above the 50 day MA looks very likely.
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*Oil remains notably weak, now lower by -2.4%... a pretty major drop.. but more on that later..
3.10pm... a tiresome day.
What remains bizarre is seeing continued (if lessened) talk of the sp'1800s in the 'immediate term'.
After all, the geo-pol events are going to 'blow up' the market, right? Just yesterday, there was near hysteria about some truck convoy that was going to cause all sorts of problems.
Equity bears are powerless...but then..what else is new.