11am update - battling to hold gains

US equities see a minor down wave from the early high of sp'2024 to 2013. Without question though.. the down trend has been broken. Metals remain weak, Gold -$4. Oil has lost half of the opening gains, +0.9%. VIX remains a little lower, -4% in the low 20s.


sp'60min

R2K, 60min

Summary

*the R2K is notably weaker this morning... almost turning red just earlier. A close in the 1170s will be kinda important.
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Unlike yesterday... the price action is at least somewhat more bullish... and as noted... the down trend has been broken. A sixth consecutive net daily decline looks VERY unlikely.
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*FOMC minutes/press release at 2pm... that will no doubt give the algo-bots something to process.