sp'60min
Summary
*notable weakness in the metals... and this is really causing problems for GDX -5.2%, the $16s look due this week... and perhaps new multi-year lows, as early as this Friday.
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So... as is often the case in this market.. rather than a down wave.. .the retraces are more about chop or merely 'gains.. but slightly less than before'.
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The sp'2100s look on track before year end.. along with VIX 12/11s.
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The bigger issue is what will many say when the R2K breaks >1213... and proceeds into the 1300s?
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back at the close