11am update - battling upward

After a minor snap from sp'2061 to 2052, equities are resuming upward. Price structure though is very likely a large bear flag.. which should max out somewhere in the 2070/80 zone.. late today. Metals remain weak, Gold -$3, with Oil -2.8%... losing over half of the Thursday 'war gains'.


sp'15min

sp'60min

Summary

Little to add.

It looks like we'll claw upward into at least 2pm... which will no doubt annoy those bears still holding short from 2045 yesterday morning.

Best guess remains... renewed downside.. probably to the 200dma of sp'2010 by next Tue/Wed.
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Notable weakness: oil/gas drillers, RIG/SDRL, both lower by around -4%