1pm update - another bull flag failure looks due

Equities are holding around key resistance of sp'2075. Price structure is a rather clear bullish F flag.. much like Thursday. The issue now is whether the market fails to keep on pushing higher... or slips back into the 2060s. VIX is holding the 15s... offering the 20s.. if renewed weakness to sp'2k.


sp'60min

GLD, daily

Summary

*metals remain (not surprisingly) weak, with a baby bear flag on the daily chart. A major drop seems due this week... breaking the Nov' low of $1130.
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Little to add.

Market looks set to remains stuck.. if not rollover into the close.
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Notable weakness: NFLX -4.5% on a downgrade