US equities continue to see some weakness, but it certainly is not significant. Price action remains the same across the last few weeks... broadly stuck in the sp'2011/1990 zone. Metals and Oil both set to close significantly lower... largely due to the strong USD.
*I remain very reluctant to add any annotations to the hourly cycle. I think many are still losing sight of the bigger picture.. which remains strongly to the upside.
So...minor 'weak chop' into the close.
I don't expect 1990 breaking any time soon.
Notable weakness; CHK & SDRL, both -2.8%...the lower oil prices are not helping.
ps... the full moon is just now rising over the city... its quite a sight.
3.03pm.. Consumer credit jumps 9.7% in August... but hey... a debt based economy...that is sustainable...yes?
Market clawing back for an sp'2000 close.
3.28pm... sp' sure does want to close at the 2000 threshold. Understandably... the bears will be disappointed.
*guess on clown finance TV was earlier touting 1930/00..then a bounce.. and then 1700s.. before year end.