10am update - opening gains

US equities open higher, but the trend from last week remains bearish for another few days. Metals remain weak, Gold -$12. Oil has turned lower, -0.4%. The window for equity bears is closing.... Yellen will be here Wednesday.


sp'60min

GLD, daily

Summary

No doubt, a lot of equity bears are getting real annoyed, but there remains high chance of another wave lower.

If sp'2000 fails... then 1980.... but really, that merely make for a better buying level.
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stay tuned. We have an interesting week ahead!