10am update - opening minor tease

Equity bears are being teased with a minor down wave to the low sp'1990s, but a turn could already be in. Price action remains broadly bullish.. with the 2020/30s viable in the immediate term. USD continues to climb, +0.2%


sp'60min

Summary

All the smaller cycles are arguably floored... and indexes will likely be green within a few hours.
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notable strength in Nas' gas, higher for the second day, +2.9%

UNG, daily

Despite the gains though... the weekly/monthly cycles for Nat gas look weak into Oct/Nov.
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There are some interesting reversals right now...

CHK, SDRL, both have swung strongly higher.... some institution just hit a big buy program in energy stocks?


10.09am.. looks like sp'1991 is a floor. R2K is even more suggestive of a turn.

*AAPL blanket coverage on CNBC.... urghhh..  


10.40am.. LONG SPY, from sp'1992.   I think there is a fair 15/20pts of upside within the near term....