11am update - battling to break the down trend

US equities remain moderately higher, but given a few more hours...  the market looks set to see renewed weakness into the 3 day holiday weekend. Commodities are on the rise, Gold +$15, whilst Oil is +3.0%. Despite the equity gains, VIX is notably +2%


sp'60min

Summary

So.. its a bit choppy, but then its opex.

Best guess remains.. renewed downside to the 200dma of sp'1965... I think many would be quite surprised if we don't break to that.

Clearly, that looks unlikely today.. and instead the target time frame will be Tue/Wed... just ahead of the ECB spooling up the printers.

Notable strength: energy stocks, CHK +3.0%

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time to cook