US equities remain broadly weak, with significant declines across most indexes. Even if the sp'2039 low holds into the weekly close, the total fail of the Thursday bull flag is a serious problem for the bull maniacs. Any rally to the 2070s next week will make for a rather obvious level to short from. Oil remains weak, -3.6%.
*new chart above... with two key downside targets.
If we get stuck in the 2070s next Mon-Wed.... with another failure to keep pushing higher.. then weakness to at least sp'2k looks probable.
This looks increasingly likely as Oil is set to lose the $43 low... and that will cause absolute carnage in energy stocks.. and drag the main market lower.
time for lunch... back soon