1pm update - cyclical weakness

The hourly equity cycles are set to turn lower for the rest of today, although the new historic high of sp'2116 is of course highly notable. Metals remain weak, Gold -$4, with Silver -0.6%. Oil is holding gains of 1.4%, but as ever... highly vulnerable to swinging lower at any point.


sp'60min

sp'daily3

Summary

*slightly adjusted fib retrace chart. Right now, 2065 would be a valid min' target... for next week.
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So... Yellen (at least part'1) is out of the way.... with 3 hours to go... lets see if we can get a net daily decline.

First soft target is yesterday's low of 2103... but more importantly... 2100.