10am update - much like yesterday

US equities open much in the style of yesterday morning.. a little lower, but with declines that look likely to be fully negated within a few hours. Metals are holding gains, Gold +$15. Oil is seeing moderate chop, +0.5%... but looking highly vulnerable to losing the $50 psy level in the near term.


sp'60min

USO, 60min'2

Summary

*oil bouncing... price structure is a clear bear flag on the hourly... now stuck against the old broken floor. 
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This remains classic holiday trading conditions (Thursday is closed of course)... and this is no market for anyone trying to capture minor down cycles. To me... seems a complete waste of time.

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time to shop... back soon.