US equities open moderately lower, with the market back in the sp'2060s. It is particularly notable that this is the second bull flag failure in three trading days.. regardless of where the market trades into Wednesday afternoon... two failures do not bode for sustained price action >2080.
sp'60min
sp'daily5b
Summary
... we have an interesting open... and with a second bull flag failure... market is again showing some serious underlying weakness.
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Notable price action... in the precious metals...
Gold has swung from -$10.. to +$2 in the opening 30minutes.... Hmmm
15min cycle
A hyper-spike.. after opening reversal candle.
To be clear though.. I am STILL looking for a key break <$1130.
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time to shop... back soon
10.35am... Minor chop... it is notable that the VIX is not showing any concern, +1.5% ... ahead of Wed' opex.