sp'daily5
Summary
For those attempting to short the indexes, it is no doubt another extremely frustrating day.
The only real hope for equity bears this week are the FOMC minutes.. due tomorrow at 2pm.
As ever... first key break level would be the daily 10MA.. currently @ 2037... almost 1% lower
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Notable weakness, BABA -2.4%... but then... it has rallied over 40% since mid October.. even a retrace to $100 would not negate that much of the hyper-gains.
3.33pm... micro cycles pushing lower.... 2056 to 54... with VIX making a vain attempt to close flat/fracitonally higher.... seems a stretch though.
Oil remains weak, -1.6%...still seemingly headed for 65/60 zone into early 2015.... but that will be bullish for the broader economy.